Ways to Give

The Kentucky Center for the Performing Arts is a tax–exempt charitable organization under Section 501 (c) (3) of the Internal Revenue Code.

A Gift in Your Will or Trust

A gift in your will is a tradition as old as the performing arts. It is the most popular way to impact the future of The Kentucky Center because

  • You can change your will at any time.
  • You retain full use of your property during your life.
  • Your estate receives a charitable tax deduction.
  • You can permanently honor the memory of a loved one.

An estate gift may be for a specific sum of money, a specific item or the residue (or a percentage) of your estate.

Sample Language

I give, devise and bequeath to The Kentucky Center for the Performing Arts, Louisville, KY (written amount, percentage of estate or description of property) to be used for (its unrestricted purpose or specific program).

 If you have already remembered The Kentucky Center please let us know. We wish thank you for your generosity with membership in the Encore Society, a group of benefactors whose love for The Kentucky Center is expressed in their support for its future.

For more information about a gift in your will or trust, please email Jennifer Webb, or call at (502) 566-5199.

Other Ways to Give to The Kentucky Center

Retirement Plan Assets

You can name The Kentucky Center as the beneficiary of your IRA, 401(k) or other qualified plan after your lifetime. You need only change the "beneficiary designation form" provided by your plan administrator.

Retirement funds offer a straightforward way to leave a gift to the Center. They are one of the best ways to give to The Kentucky Center because they are exceptionally inefficient in passing wealth to heirs. If left to your children, grandchildren or individuals other than your spouse, the retirement funds face both income and estate tax, in some cases leaving only about 30% of the funds for remaining family. On the other hand, as a tax-exempt charity, The Kentucky Center will receive 100% of the gift free of any tax.

Life Insurance Policy

If you own a life insurance policy and you no longer need its protection, you can name The Kentucky Center as owner and beneficiary of the policy and will be entitled to a current charitable income tax deduction.

Or, if you choose to name The Kentucky Center only as beneficiary of the policy, the Center will receive the proceeds at your death and your estate will receive a charitable deduction.

For more information about bequests and other estate gifts to The Kentucky Center, please email Jennifer Webb, or call at (502) 566-5159.