Leave a Legacy | LUX Center for the Arts | Art Gallery, Classes, Summer Camps & Outreach
 

Leave a Legacy

Leave a Legacy

LUX Center for the Arts believes art belongs everywhere and you belong here, with us, to make the world a better and more interesting place than we found it. You can make the arts world better with your support of LUX Center for the Arts. Your financial contributions and gifts are essential to our future. Why? Annual gifts help provide sustainability for our arts programming, events, and advocacy, meaning all the initiatives LUX Center for the Arts has to offer can continue to better the community for years to come.

Legacy gifts are simple, flexible, and versatile. All it takes is the addition of a few words in your will or trust— “I give, devise, and bequeath to LUX Center for the Arts x dollar amount, percentage of estate, or description of property”—to leave an impact of beyond a lifetime. The next time you meet with your estate planner or financial advisor to discuss gifts to family, friends and charities through your will, please consider including a bequest to LUX Center for the Arts. Because, when you include LUX in your will or estate plans, you are setting up a legacy—your legacy—that will make all the difference.

 

Beneficiary Designations

Beneficiary Designations
Beneficiary Designations

You can name LUX Center for the Arts as a beneficiary to receive assets such as retirement plans and life insurance policies after your lifetime. This designation is separate from your will and can be reviewed or adjusted at any time.

Qualified Charitable Distribution (QCD)

Qualified Charitable Distribution (QCD)
Qualified Charitable Distribution (QCD)

If you are 70 ½ years old or older, you can donate up to $100,000 annually from your IRA directly to LUX Center for the Arts without paying income taxes on the distribution. This allows you to see the impact of your generosity today while advancing the legacy you wish to leave.

Endowed Gifts

Endowed Gifts
Endowed Gifts

By creating an endowment or contributing to an existing one, you provide lasting support for LUX Center for the Arts. The principal of the fund is invested, and a portion of the earnings is used each year to sustain our mission.

Real Estate

Real Estate
Real Estate

When you donate appreciated real estate that you have owned for more than one year, you may qualify for a federal income tax deduction while avoiding capital gains tax.

Donor-Advised Funds (DAFs)

Donor-Advised Funds (DAFs)
Donor-Advised Funds (DAFs)

A Donor-Advised Fund is like a charitable savings account. You can transfer cash or other assets to a tax-exempt sponsoring organization, such as a community foundation, and recommend which charities to support at your convenience. You qualify for a federal income tax deduction at the time of your contribution.

Memorial & Tribute Gifts

Memorial & Tribute Gifts
Memorial & Tribute Gifts

A memorial or tribute gift is a meaningful way to honor a loved one or celebrate a special occasion while supporting LUX Center for the Arts.

Gifts of Stock

Gifts of Stock
Gifts of Stock

Donating appreciated securities (stocks, bonds, or mutual funds) held for at least one year allows you to receive a charitable deduction for the full fair market value while avoiding capital gains tax.

LUX Center for the Arts accepts stock gifts through the Lincoln Community Foundation (LCF). If you do not have an expendable Donor-Advised Fund at LCF, you can contact them at info@lcf.org to set up a free fund with no required minimum balance. LCF will provide instructions for transferring stock, and once deposited, you can immediately direct the funds to LUX Center for the Arts. The process typically takes about a week.

Already included LUX Center for the Arts in your Estate Plans?

Please let us know! We would love to express our gratitude and ensure your wishes are carried out as intended.

Recent News: Honoring a Legacy Through Art Education

LUX Center for the Arts is a 501(c)(3) nonprofit organization. Our federal tax identification number is 47-0629528.

 
 

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