Planned Giving                                                                                                        

SDWS Legacy for Art

Consider being part of the SDWS Legacy for Art.  You will  help ensure that SDWS can continue to provide artistically inspiring programs and services to members and visitors of  the future, and you will always be honored and remembered  at the SDWS Gallery.

Bequest

Please designate SDWS as a beneficiary in your will, trust, retirement plan, annuity, or insurance policy.  Since SDWS is  a qualified 501(c)(3) nonprofit organization (Federal Tax ID 95-3153264), such a gift would not be subject to federal estate tax.

Recess by Bev Berwick

Recess by Bev Berwick

If you wish to bequest part of an Individual Retirement Account (IRA) account to SDWS, designate SDWS as a beneficiary of your retirement plan.  Your heirs will avoid paying estate and income taxes on the gift, as it can be  transferred directly from the IRA to SDWS.

Any bequest can be specified for either general use or for a specific SDWS purpose or program.

IRA Charitable Rollover

At age 70½ people with Individual Retirement Accounts (IRAs) are required to begin taking annual minimum distributions.  Usually, this is considered taxable income and could move a person into a higher tax bracket.

The good news is that on December 18, 2015, the president signed into law a bipartisan bill titled, Protecting Americans from Tax Hikes Act of 2015.  This law allows owners of IRAs and Roth IRAs to make tax-free gifts directly from an IRA to any qualified charity, such as the San Diego Watercolor Society.  The gift does not need to be claimed as income and would not be taxable, but it would count towards your annual minimum required distribution.  

To make an IRA Charitable Rollover gift to SDWS

Any gift can be specified for either general use or for a specific purpose or program.