Gifts that Cost you Nothing Now

Gifts That Cost You Nothing Now

By supporting Monroe Street Arts Center, you are helping to ensure that everyone has the opportunity to experience the transformative power of the arts.

Gifts by Bequest

Making a legacy gift in your will or trust is one of the easiest and most popular ways to partner in the mission.

Here are the most common ways that people make a lasting gift to Monroe Street Arts Center:

Residual bequest

A percentage of the remainder of your estate after other specific legacies have been fulfilled.

Specific bequest

A specific dollar amount, stated fraction of your estate, or specified gift-in-kind such as collections, art, or instruments.

Contingent bequest

A gift that is originally intended for other beneficiaries but, in the event of their prior passing, is redirected as a charitable donation.

Gifts by Beneficiary Designation

When you make a gift to Monroe Street Arts Center from your retirement plan, insurance plan, or other assets, you make it possible for all people to have access to art and music.

Best of all, these gifts are easy to make! Simply contact the firm that holds your assets and complete a beneficiary form.

Retirement funds gift

Many people choose to name Monroe Street Arts Center as a beneficiary of a retirement plan to reduce their taxes and fund arts enrichment programs.

Life insurance policy gift

If you have a life insurance policy that has outlasted its original purpose, you can use it to fund a legacy gift while enjoying tax savings during your lifetime.

Savings bonds

If you have bonds that have stopped earning interest and you plan to redeem, you will owe income tax on the appreciation. In the end, your heirs will receive only a fraction of the value of the bonds you so carefully invested in.

CDs, bank accounts, and brokerage accounts

Naming MSAC as the beneficiary of a certificate of deposit, a checking or savings bank account, or a brokerage account is one of the easiest ways to impact arts and culture in our communities.

Donor-advised fund residuals

Final distribution of contributions remaining in a donor-advised fund is governed by the contract you completed when you created your fund. Please consider naming Monroe Street Arts Center as a successor of your account or a portion of your account value.