The Western Folklife Center recognizes the thoughtfulness and commitment of individuals and families who establish a gift in their estate planning. This caring and interest in our programs will allow the genius of America's uniquely western art forms to be preserved and to thrive long into the future, and create a lasting legacy.
A wide array of planned giving vehicles makes it possible for you to carry out your financial and estate planning goals and at the same time benefit the Western Folklife Center. Planned gifts can provide you with lifetime income; convert low-yielding assets into a higher income stream at reduced capital gains; offer you significant income tax deductions; and reduce or eliminate estate taxes.
Your gift may be designated for a specific purpose or program, or it may be unrestricted. An unrestricted gift is usually the most useful to us, as it allows our Board of Directors to use the funds for the greatest need at the time delivered. Deferred gifts are often designated by the donor to build the Western Folklife Center's Endowment Fund.
Wills/Bequests - The simple act of including us in your will or living trust speaks volumes about how much you care about the future of the Western Folklife Center.
Life Insurance/Retirement Plan Assets - You may name the Western Folklife Center as a beneficiary of your retirement or life insurance plan. With this strategy, a young person and/or someone of relatively modest means can make a big difference with a future gift.
Trusts and Annuities - There are several types of these, including charitable lead trusts, charitable remainder trusts, charitable gift annuities, and retained life estates. We recommend that you consult with your attorney or tax advisor for the various tax benefits and restrictions that may apply to your specific situation.