Maximize Your Charitable Giving

donor bonnie with henrik and elliott

Take a look at your portfolio! You could make a significant philanthropic impact and enjoy the tax benefits on your charitable contributions made to Kerrytown Concert House from donor-advised funds, retirement plans, stocks, or other assets and securities.

“…No matter how many wonderful venues we have in Ann Arbor,
KCH will always be unique and a valuable source of education and enjoyment,
and a showcase for local and worldwide talent.”

– KCH Donor & Volunteer, Bonnie Gabowitz
(pictured with violinists Eliot Heaton and Henrik Karapetyan)

Securities (Tax-Deductible Gifts of Stock)

This gift qualifies for a tax deduction based on the stock’s full market value of your stock; plus, if the stock has appreciated in value, you avoid the capital gains tax that would otherwise arise from the sale of this stock. Contact KCH Development Manager Emily Olson for account information required to complete your gift of stock: emily@kerrytownconcerthouse.com or (734) 769-2999.

 

Qualified Charitable Distribution (QCD)

70½ or older? You can make a gift from your IRA directly to Kerrytown Concert House, up to $105K annually! This Qualified Charitable Distribution (QCD) counts toward your Required Minimum Distribution (RMD) and can reduce or even eliminate the income tax ordinarily due on RMD income – whether or not you itemize your taxes.

QCDs can start as early as the account owner’s 70½ birthday, even though minimum distributions aren’t required until age 73.

A word to the wise: Many IRA owners like to get their RMD out of the way by withdrawing from their IRA early in the calendar year or by taking monthly or quarterly distributions. However, if you want to reduce your taxable RMD income, financial advisers recommend first making a QCD directly from your IRA to a qualifying charity, then you taking your annual RMD.

To make a Qualified Charitable Distribution to Kerrytown Concert House, simply provide our EIN # 38-2542823 to your IRA provider, who will issue a payment from your IRA directly to KCH.

Please note: QCDs apply only to traditional IRAs, not to Roth IRAs or employer sponsored plans (401k, 403b, 457).

Make a Planned or Estate Gift

stock photo of last will & testament

Help us shape the future of Kerrytown Concert House by making a lasting gift that sustains our mission for generations to come.

Bequests

Bequests can be made by will or a revocable trust and can be a specific dollar amount, a percentage of your estate, or what remains after other bequests are made. Review Sample Language to Include in Your Will (below) or Trust or contact your attorney to add Kerrytown Concert House to your will or revocable trust.

Sample Language to Include in Your Will or Trust

Here are the most common ways to leave a gift though your will or trust, with with sample language for naming Kerrytown Concert House as a beneficiary. You may also change your beneficiaries at any time, should your circumstances change.

Residual Bequest

This is a very popular choice for charitable bequests because it ensures that loved ones receive their distribution before any distribution to charity:

“I devise the residue of my estate, after the satisfaction of all specific bequests and the payment of all taxes and other costs attending my death, to Kerrytown Concert House, a not-for profit corporation, Tax ID# 38-2542823, with principal offices currently located at 415 N. 4th Ave. Ann Arbor, MI 48104.”

General/Fixed Dollar Bequest

A stated sum of money, usually cash, to a beneficiary.

“I bequeath the sum of $____ dollars to Kerrytown Concert House, a not-for-profit corporation, Tax ID# 38-2542823, with principal offices currently located at 415 N. 4th Ave. Ann Arbor, MI 48104.”

Percentage Bequest

Enables your bequests to grow as your assets grow.

“I bequeath to Kerrytown Concert House, a not-for-profit corporation, Tax ID# 38-2542823, with principal offices currently located at 415 N. 4th Ave. Ann Arbor, MI 48104 an amount equal to ______ percent of the net value of my estate as finally determined for federal estate tax purposes.”

Contingent Bequest

Assumes you want to leave your entire estate to family and friends. However, in the event that you outlive any of your beneficiaries, it provides an opportunity to designate Kerrytown Concert House to receive that portion of the estate.

“In the event that (name of the beneficiary) does not survive me, I designate Kerrytown Concert House, a not-for-profit corporation, Tax ID# 38-2542823, with principal offices currently located at 415 N. 4th Ave. Ann Arbor, MI 48104 as the devisee of this bequest of (see above for language specific to different types of bequests.)”

Disclaimer

The information on this page is intended to assist you in your charitable planning. It is not legal advice and should not be relied upon as such. Please consult with your attorney or other advisor for professional advice and to discuss how this information can benefit you as your consider your financial and philanthropic goals.

For more information about your planned or estate gift, please contact Development Manager Emily Olson at
emily@kerrytownconcerthouse.com
or (734) 769-2999.

Gifts of Retirement Plan Assets

If you pass on retirement plans to family members, they will be taxed heavily and will not see the full assets you intend for them. Financial advisors often recommend bequeathing to your family other assets (such as cash or securities) and leaving your retirement plan (such as an IRA, 401K, or Keough) to charity. It is easy to do—simply name Kerrytown Concert House as the beneficiary on your retirement plan vendor’s beneficiary form!

Contribute to the Endowment Fund

dallas and sharon dort

THE SHARON AND DALLAS DORT FUND
FOR KERRYTOWN CONCERT HOUSE

Established in 2019, the Sharon & Dallas Dort Fund for Kerrytown Concert House is an endowment through the Ann Arbor Area Community Foundation (AAACF).

Dallas and Sharon’s generous gift is an investment in the future of Kerrytown Concert House! To further expand the resources that will benefit the organization, the endowment fund is available for others to contribute their own legacy gifts that will benefit Kerrytown Concert House for years to come.

“Loving the House as we do, it was natural to do something to help ensure that it would always be here. It makes us feel good to know we’re going to be a part of it long after we’re gone.”
– Dallas Dort

Helping the Endowment Fund Grow

We invite you to participate in a lasting gift by making a contribution to the Sharon & Dallas Dort Fund for Kerrytown Concert House via the Ann Arbor Area Community Foundation. With your gift to the endowment fund, you can create your own named fund within the Sharon & Dallas Dort Fund for Kerrytown Concert House. You may also choose to set up a separate endowment fund through the AAACF or by contacting your preferred community fund.

Maintaining Your Annual Support While Contributing to the Endowment Fund

Contributions made directly to Kerrytown Concert House support artistic programming and day-to-day operations for the organization. Generous philanthropic support maintains over half of KCH’s budget, which is determined by annual giving levels. To ensure the world-class performances you’ve come to expect, we encourage you to maintain or consider increasing your annual support each year. Kerrytown Concert House will benefit the most when you consider any contributions you make to an endowment fund as additional gifts or as planned gifts from your estate or trust.

ann arbor area community foundation logo

Endowment Fund Giving Options

Make a one-time or recurring donation to the Sharon & Dallas Dort Fund for Kerrytown Concert House online via the AAACF website:

Make a check payable to “AAACF” with “Kerrytown” in the memo, and mail to:

AAACF
301 North Main St., Ste 300
Ann Arbor, MI 48104

In addition to cash gifts, the AAACF accepts:

Securities

The gift qualifies for a tax deduction based on the stock’s full market value of your stock; plus, if the stock has appreciated in value, you avoid the capital gains tax that would otherwise arise from the sale of this stock.

Qualified Charitable Distribution (QCD) for donors age 70 1/2 or older

You can make a gift from your IRA to the Kerrytown Fund, up to $105K annually. This counts toward your required minimum distribution (RMD) and is not included in your adjusted gross income, a tax benefit that survives even if you don’t itemize. You simply provide our EIN number to your IRA provider, who must issue payment directly to the charity.

Bequests

Bequests can be made by will or a revocable trust and can be a specific dollar amount, a percentage of your estate, or what remains after other bequests are made. Bequest gifts can be directed to the endowment fund or even to create a new named fund within it!

Charitable Gift Annuities (CGAs)

A contract (that does not require an attorney) between a donor and AAACF. In exchange for a tax-deductible gift of cash or securities, the foundation agrees to make fixed payments (a portion of which is likely tax-free) to the donor for the remainder of his or her life. Payouts are based on age and national annuity tables designed to have half of the original gift remaining for Kerrytown. A CGA can start with a $10,000 gift.

Gifts of Retirement Plan Assets

If you pass on retirement plans to family members, they will be taxed heavily and will not see the full assets you intend for them. Financial advisors often recommend bequeathing to your family other assets (such as cash or securities) and leaving your retirement plan (such as an IRA, 401K, or Keough) to charity. It is easy to do—simply name AAACF-Kerrytown as the beneficiary on your retirement plan vendor’s beneficiary form!

For more information about your planned or estate gift, please contact Development Manager Emily Olson at
emily@kerrytownconcerthouse.com
or (734) 769-2999.