Leave a Legacy
Your commitment to the Truro Center for the Arts at Castle Hill can extend beyond your lifetime. Help ensure that generations of future visitors and students will be inspired, educated and informed by great art. Consider Castle Hill as you plan for your financial future. A simple bequest in your will can provide an important gift that will honor your memory. Various tax-advantaged opportunities exist to provide current or future income for yourself, your heirs and the Center. A gift now to the School's endowment will provide perpetual income to support future programs and exhibitions. Please contact the director's office if you are interested in discussing a planned gift to Castle Hill. We will work with you to meet your personal philanthropic and financial goals while advancing the School's mission.
A New Use for Your IRA
A new law has made it possible to use accumulated assets in an IRA to support Truro Center for the Arts at Castle Hill. The Pension Protection Act of 2006 allows certain individuals to make gifts to charitable organizations directly from a traditional or Roth IRA without any tax implications. If you are age 70 ½ or older, you can give up to $100,000 a year for 2015 by transferring funds directly from the IRA to the School. Although not tax-deductible as a gift, the direct distribution is not reportable as taxable income to you and may help you meet your required IRA distribution levels.
You can still use your IRA to support the School after your death by naming Castle Hill as a beneficiary. This helps avoid the payment of any estate tax by your children or other individual beneficiaries. With this new law in place you can also experience the positive result of your generosity on Castle Hill programs while you are living. It’s also a great way to make a pledge payment or just give Castle Hill an extra boost.
For more information about Planned Giving contact Cherie Mittenthal, Executive Artistic Director, or call 508-349-7511.
Truro Center for the Arts at Castle Hill, Inc, is a Massachusetts charitable corporation, exempt from taxation under section 501(c)(3) of the Internal Revenue Code. Donations are fully tax-deductible as allowed by law.