Planned Giving

Make a lasting contribution and receive a fixed income for life

A life-income arrangement operates as follows:
• You irrevocably contribute cash, appreciated securities or other property to Revels
• Revels invests the property and pays you and/or a beneficiary an annual income for life or a term of years.
• After the death of the last beneficiary or the end of the term, your gift is transferred to Revels.

Benefits include:
• Annual income for you and/or a beneficiary
• Bypass realizing capital gains on gifts of appreciated assets
• Immediate federal income tax charitable deduction
• Estate tax savings
• Creating a future gift that helps sustain Revels for future generations

A planned gift to Revels where you and/or your beneficiaries are given payments for life or for a specified term of years can help your provide for your family during retirement and benefit Revels at the same time. This can be a very attractive option for donors who are looking for ways to provide someone over the age of 55, a loved one or themselves, with a yearly income.

You will receive an income tax deduction in the year of the gift. Any unused portion of the deduction may be carried over for up to five additional years.

If you contribute marketable appreciated securities, you may significantly reduce your capital gains tax.

All planned gifts allow you to reduce the value of your taxable estate and ultimately maximize the amount you pass on to your loved ones.

When you make a planned gift you become a member of The Langstaff Society, which honors Revels founder John Langstaff and recognizes those who have included Revels in their estate plans. Members are invited to the annual Langstaff society reception, are included in Solstice Circle events, and their names are listed in all Christmas Revels programs.

Planned Giving Options
Charitable Gift Annuities
If you are living on a fixed income, you may be interested in a charitable gift annuity. While providing financial support to Revels, you can, at the same time enhance your own cash flow with annuity payments for your lifetime, and if selected, for the life of a second beneficiary. The returns you receive on your gift compare favorably with other fixed income investments, such as bank certificates and US Treasury securities.

A Charitable Gift Annuity is an agreement made between you and Revels. In exchange for your irrevocable gift of cash, securities or other property, Revels promises to pay you a guaranteed income for your life or for a term of years. In general, individuals who establish an immediate payment charitable gift annuity are interested in maintaining or enhancing their income with fixed payments. The charitable gift annuity offers a guaranteed rate of return. This annuity is easily established with the completion of a simply gift annuity agreement and a transfer of assets from the donor to the company.

Charitable Remainder Trusts
This arrangement allows you to transfer assets into a trust that will provide you and/or your beneficiaries with payment for life or for a specific term of years. If you wish, the trust also can pay an income to another beneficiary of your choice. AT the death of the surviving beneficiary, the remaining principal in the trust goes to Revels.

Charitable Lead Trusts
A lead trust is established for a specific term of years at a predetermined payment rate. With a lead trust, Revels receives the lead interest and at the end of the term the trust terminates and the trust assets are distributed to the designated beneficiaries, usually children or grandchildren. Unlike other planned gift arrangements, a charitable lead trust is not a tax-free entity so that all income and capital gains are taxable to the trust unless distributed to charities, like Revels, as part of the lead interest. The advantages of a lead trust are that it offsets gift taxes on intergenerational transfers of assets; reduces estate taxes; avoids future appreciation on the transferred assets; and is an opportunity to direct the donorís annual Revels contribution.

Bequests
The simplest form of deferred giving
Donors who wish to make a charitable gift through a will, meet with an attorney to discuss and update the will to include a bequest to Revels. Standard bequest language in the will is: "I, (name), of (city, state, ZIP) give, devise and bequeth to Revels, Inc. (written amount or percentage of the estate or description of property) for its unrestricted use and purpose."

There are a number of ways to make a bequest.
• Specific bequest. The gift of a specific item
• General bequest. The gift of a stated sum of money
• Unrestricted bequest. This is a gift for Revels general purposes to be used at the discretion of the governing board. A gift like this, without conditions attached, is frequently the most useful, as it allows us to determine the wisest and most pressing need for the funds at the time of the receipt.
• Restricted request. This type of gift allows you to specify how the funds are to be used. Perhaps you have a special purpose or project in mind. It is best to consult with us when you make your will to be certain your intent can be carried out.
• Honorary or memorial bequest. This is a gift given "in honor of" or "in memory of" someone.
•Endowed bequest. This bequest allows you to restrict the principal of your gift, requiring Revels to hold the funds permanently and use only the investment income they generate. Creating an endowment in this manner means that your gift can continue indefinitely.

For more information about ways you can donate a deferred gift to Revels, please call Olivia Woodford, Development Director, at (617) 972-8300, ext. 29, or email owoodford@revels.org