Thank you for your ongoing support of Kuumbwa Jazz. We continue to look for ways in which Kuumbwa, with your support, can provide opportunities for people to experience the joy of music and understand the value and the legacy of jazz as an original American art form. To insure the long term sustainability of our programs and mission, we have established the Kuumbwa Jazz Endowment Fund through the Community Foundation of Santa Cruz County.
There are many ways to complete a charitable gift to the Kuumbwa Jazz Endowment Fund. Whether you give money or other property outright, retain an income or access to property for your lifetime, or make a gift that is otherwise completed in the future, there are special opportunities that may allow you to give more than you might have otherwise thought possible.
Outright gifts of cash, stock, property. Cash is most commonly used to make lifetime charitable gifts, and tax benefits are available when you itemize deductions on you tax return. You can also make a gift of securities or real estate to support the Kuumbwa Jazz Endowment Fund and avoid paying capital gains tax on the appreciation.
Bequest in Will or Living Trust. You can make gifts of a specific asset, a specific dollar amount, or a percentage of your estate to the Kuumbwa Jazz Endowment fund through a bequest in your will, or provision in your living trust.
Life Insurance. If you have life insurance policies that have outlived their original purpose, you can make a charitable gift of their accumulated value during you lifetime, or as an alternative, name the Kuumbwa Jazz Endowment Fund to receive all or a portion of the policy proceeds at death.
Retirement Plan Beneficiary Designation. Whether it’s a company retirement plan, a private fund such as an IRA, or a combination of the two, you can designate the Kuumbwa Jazz Endowment Fund as the final beneficiary of any remaining funds that you or your loved ones do not use.
Charitable Gift Annuity. Through a charitable gift annuity, you can make a charitable gift that will provide you or a loved one with fixed payments for life. The frequency and amount of payments are determined at the time the gift annuity is funded, and you are entitled to an income tax deduction in the year of your gift. The amount remaining at your death will go to the Kuumbwa Jazz Endowment Fund.
Charitable Remainder Trust. You can transfer property to a trust that will provide payments to you and/or others for life, or for a period of time up to 20 years; at the end of the trust, the property remaining in the trust will go to the Kuumbwa Jazz Endowment Fund.
Charitable Lead Trust. You can transfer property to a trust that will make payments to the Kuumbwa Jazz Endowment Fund for a period of time; at the end of the trust, the principal is returned to you and/or others you choose, such as children or grandchildren.
For further information, please contact: Bobbi Todaro, bobbi (at) kuumbwajazz.org, (831) 427-2227 x202