The Power of an Endowed Gift to the Kravis Center for the Performing Arts
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An endowment gift to the Kravis Center for the Performing Arts today provides a brighter picture for our future. When you make a donation to our endowment, you give a gift with both immediate and long-term benefits.
Endowment donations are invested. A portion of the annual income from the investment is used to address immediate needs at the Kravis Center. The remaining funds are reinvested to ensure indefinite support.
Please let us know if you have included the Kravis Center for the Performing Arts in your Estate Plan so we may honor you with membership in the Helen K. Persson Society, unless you wish to remain anonymous.
An Example of How It Works
Longtime supporters Susan and Charlie have two goals: First, they want to make sure the Kravis Center continues to receive support after they're gone. Second, they want to memorialize Charlie's parents, Mr. and Mrs. Jones.
Susan and Charlie make a $25,000 donation to the Kravis Center, which we invest, and each year, a portion of the income from the invested money will be used to support our mission in honor of the Joneses. Plus, Susan and Charlie qualify for a federal income tax charitable deduction on their taxes.
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- Seek the advice of your financial or legal advisor.
- If you include the Kravis Center in your plans, please use our legal name and federal tax ID.
Legal Name: The Raymond F. Kravis Center for the Performing Arts, Inc.
Address: West Palm Beach, FL
Federal Tax ID Number: #59-2245054
- Complete and return the Letter of Intent so that we may properly acknowledge you as a member of the Helen K. Persson Society.
- Contact Margaret May Damen, CFP®, CLU®, ChFC®, CAP® at 561.651.4230 or firstname.lastname@example.org to discuss endowed gifts.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.