Planned Giving to the Newburyport Choral Society's
Harmonia Fund
Share your enthusiasm and love for choral music!
NCS can help you create a legacy and share your passion for music with future generations. Gifts can provide significant tax benefits while greatly benefiting our greater Newburyport arts community.
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You leave a lasting legacy to be remembered
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You lessen the burden of taxes on your family
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You may receive estate tax savings
How to give
Planned Giving to the Newburyport Choral Society's Harmonia Fund can be from your estate, or during your lifetime, from your Investment Retirement Account as a tax-free charitable distribution, or as a gift of equities.
Bequest
To make a bequest, you designate NCS as a beneficiary by including a phrase in your will or trust. The phrase can be as simple as
“I, [name], leave [either a percentage, a dollar amount, or specified assets] to the Newburyport Choral Society with its federal tax ID number EIN #04-2769247, located in Newburyport, MA for general support.”
IRA Charitable Rollover (QCD)
Congress has enacted an IRA charitable rollover program called Qualified Charitable Distributions (QCDs). If you are 70½ or older, you can make an IRA rollover gift to NCS which is tax-free. QCDs also count towards Required Minimum Distributions, which start at age 73.
Please contact your brokerage advisor to obtain the appropriate form for stipulating Newburyport Choral Society as a beneficiary of a QCD, and the amount and timing of your gifts.
For example, if you are a Fidelity customer, here is the QCD form that you would need to fill out: https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/charitable-ira-one-time-withdrawal.pdf
Gift of stock or other programs
The simplest option is a one-time or annual gift of equities, using this basic form to get started.
Please consult with your investment advisor about how best to donate to the Newburyport Choral Society.
For high net worth individuals, you may want to consider the many options to transfer your appreciated assets into an investment vehicle which will sell your property tax-free and provide you with fixed income.
Please contact us if you have questions or would like to discuss your plans. Note that:
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NCS asks that your donation be unrestricted in its use for general support of the chorus. This is the most flexible and impactful way to contribute to our success.
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NCS cannot accept gifts of real estate, automobiles or other non-liquid assets.
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NCS does not provide investment advice. Please discuss your plan with a qualified estate planning advisor.
Sponsorship Director
Newburyport Choral Society
legacy@newburyportchoralsociety.org
