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Bequests and Endowments

Financial stability is one of the greatest challenges confronting arts organizations. Bequests, Endowments and Charitable Gift Planning help to provide a consistent, reliable source of annual income to assist the Clemens Center in ensuring that the tradition of excellence in the performing arts continues for future generations in our region. Your tax-deductible contribution will have an impact on the Clemens Center this year, next year and into the future!

Bequests to charitable organizations often result in significant tax benefits and can be an important part of a sound estate plan. As you plan your will or trust, simply including the Clemens Center can have a great impact on our future, and entitles you to exclusive membership in the Clemens Society - a special group of friends who have made a commitment to the Clemens Center and to the cultural life of this region for years to come.

Consider making a tax-deductible donation to the Clemens Center's two Restricted Funds: Josephine Walsh Zurenda Endowment Fund or the Samuel Clemens Sustainers Fund. Whether given as a memorial, honor or simply a desire to secure the future of the performing arts in our region, these monies are invested and the earnings provide the Clemens Center with a reliable source of annual operating income.

There are other methods of Charitable Gift Planning, such as a gift Annuity. Donors who choose this method of support for the Clemens Center contribute appreciated properties, including stocks and bonds, in exchange for dividend or interest payments, or a guaranteed or fixed annuity payment for a defined term, usually the life of the donor. See your financial advisor or insurance agent for more details. Also, your Life Insurance Policy can list the Clemens Center as its beneficiary. Plus, should you choose to name the Clemens Center as both the beneficiary and the owner, the gifts to the Clemens Center to cover premium costs are tax-deductible. See your insurance agent for more information.

The Clemens Center is a private, not-for-profit corporation. Contributions are tax-deductible, as recognized by the Internal Revenue Service designation 501(c)(3). Please consult your tax advisor for more information.

For more information, contact the Clemens Center's Development Office at
607-733-5639 x222.

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