Estate & Planned Giving
Build Your Legacy at Festival Mozaic
Thoughtful gift planning gives you the opportunity to create a lasting impact by helping Festival Mozaic continue to be a vital community resource in San Luis Obispo County through performances, education, and other artistic experiences. Designing your legacy now with a planned gift can be a rewarding and significant philanthropic investment in the organizations you treasure. Planned gifts to the Festival Mozaic will sustain the organization’s vision to offer transformational and inspirational experiences for the community for many years to come.
Please click below for more information on different ways to plan your giving to Festival Mozaic. You should always consult your estate planning attorney and/or tax professional about questions concerning planned gifts or changes to your estate or tax plan.
Give Through Your Will or Trust
Give From Your Retirement Plan
Donor-Advised Funds
Give Stock or Appreciated Securities
Gifts of Life Insurance
Secure a legacy by including a gift to Festival Mozaic in your will or trust. Your foresight can provide long-lasting financial security to our organization, ensuring your charitable spirit lives on through our performances and educational outlets.
HOW GIVING IN WILL OR TRUST WORKS
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Talk to your estate attorney to include a gift to Festival Mozaic in your will or trust.
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Make your bequest unrestricted or include directions for it to go towards a specific project or purpose.
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Indicate a specific dollar amount or a percentage of the remaining balance of your estate or trust.
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Let Festival Mozaic know about your gift so we can celebrate your generosity now.
BENEFITS OF GIVING IN WILL OR TRUST
- Your financial assets remain in your control during your lifetime.
- You can modify your gift to address any changing circumstances.
- You can direct your gift to a particular purpose (be sure to check with us to make sure your gift can be used as intended).
- Under current tax law, there is no upper limit on the estate tax deduction for your charitable bequests.
Please let us know if you have already included Festival Mozaic in your estate plan or if you are considering doing so. We would love to talk with you! You can contact us here.
You’ve worked hard and planned for retirement. Now, with a little creativity, you can leverage your retirement assets to benefit you and your family, reduce federal taxes, and ensure the lasting impact of the concerts and events you've come to enjoy at Festival Mozaic!
HOW RETIREMENT PLAN GIVING WORKS
- Name Festival Mozaic as a beneficiary of your IRA, 401(k), or other qualified retirement plan.
- Pass the balance of your retirement assets to Festival Mozaic by contacting your plan administrator.
- Let us know about your planned gift through your Retirement Plan.
BENEFITS OF GIVING THROUGH IRA
- Continue to take regular lifetime withdrawals.
- Maintain flexibility to change beneficiaries if your family’s needs change during your lifetime.
- Your heirs avoid the potential double taxation on the assets left in your retirement account.
Maximize the impact of your giving by directing contributions from your Donor-Advised Fund (DAF) to support Festival Mozaic. This simple, tax-efficient way to give ensures that your generosity continues to support amazing performing arts opportunities and events in San Luis Obispo County.
HOW A DONOR ADVISED FUND WORKS
- Name Festival Mozaic as a beneficiary of your donor-advised fund.
- Designate Festival Mozaic to receive all or a portion of the balance of your fund through your fund administrator.
- The balance in your fund passes to Festival Mozaic when the fund terminates.
BENEFITS OF A DONOR ADVISED FUND
- You can direct your gift to a particular purpose.
- You can also opt to make your annual contribution to Festival Mozaic at any time from your donor-advised fund.
- Maintain flexibility to change beneficiaries if your circumstances change during your lifetime.
Transform your investment gains into community gains by donating stocks or appreciated securities to Festival Mozaic. Such gifts not only provided much-needed financial support for our programs but can also can yield significant tax benefits for you.
HOW GIVING STOCKS WORKS
- You transfer appreciated stocks, bonds or mutual fund shares you have owned for more than one year to Festival Mozaic.
- Festival Mozaic sells your securities and uses the proceeds for our programs.
- Before initiating a gift of stock or securities, download and complete this form with your broker.
- Contact us if you have questions.
BENEFITS OF GIVING STOCKS OR SECURITIES
- You receive an immediate income tax deduction for the fair market value of the securities on the date of transfer (even if you originally paid much less for them).
- You pay no capital gains tax on the transfer when the stock is sold.
- Giving appreciated stock can be more beneficial than giving cash. The cost of your gift is often less than the deduction you gain by making it.
Utilize your life insurance policy to become a cornerstone of support for the SLO Food Bank, offering a straightforward way to make a meaningful contribution without impacting your current financial situation.
HOW GIVING LIFE INSURANCE WORKS
- You transfer ownership of a paid-up life insurance policy to Festival Mozaic.
- Festival Mozaic can elect to cash in the policy now or hold it.
- Let us know about including Festival Mozaic in your life insurance plans.
BENEFITS OF GIVING LIFE INSURANCE
- Make a gift using an asset that you and your family no longer need.
- Receive an income tax deduction equal to the cash surrender value of the policy.