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Planned Giving

Thank you to our many friends who have named Kuumbwa Jazz in their estate. We invite our community members to create their legacy by designating Kuumbwa as the beneficiary of a planned gift.

Legacy giving for Kuumbwa Jazz is an investment in the cultural enrichment of our community, now and in the future.

You can make a gift in many creative ways that will offer you and your loved-ones financial benefits. For example: bequests in your will, charitable IRA, life insurance policies, retirement accounts, and the Kuumbwa Jazz endowment fund managed by Community Foundation Santa Cruz County.

We’re here to guide you towards the information you need to make a legacy gift. To learn more please contact Bobbi Todaro at 831-427-2227 or bobbi@kuumbwajazz.org.

Below are a few of the ways you are able to make a legacy gift:

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.