Planned Gifts

Many of these gifts have favorable tax consequences for donors and several of them can provide life income for you or a loved one. Please contact Carrie Hinrichs at the School for more information. Write to 70 Lincoln Center Plaza, NY, NY 10023; call (212) 769-6615; or click here to send an email. All requests for information are strictly confidential.




The most popular life-income vehicle. You sign a simple contract with the School for an annuity and receive guaranteed payments for life at a set rate (usually slightly above commercial rates). These rates are determined by age, and can be very attractive, especially in times of low interest rates. You also receive an IRS deduction. [Two-life Charitable Gift Annuities are also available—for you and your spouse, for example.]



This is another popular vehicle, one that requires no "up-front" cash. You simply name SAB as the beneficiary of your current retirement plan; this gift is not subject to taxes, which is not the case if you leave retirement savings (accrued tax-free) to children, for example. Naming SAB as the beneficiary will almost certainly mean fewer taxes when your estate is eventually settled—even with the new Estate Tax laws being phased in.



Attorneys and financial planners usually advise using one of the several types of Charitable Remainder Trusts to make a gift only if the initial funds involved are substantial, usually in six figures.  When you establish a CRT naming the School, you will receive income for life; upon death, the principal of the Trust (the remainder) comes to SAB.


A Lead Trust is the opposite of a Remainder Trust. When you establish this type of Trust, the income from the Trust comes to SAB and the principal eventually reverts you or your heirs. Once again, substantial amounts are usually involved because of the involvement of attorneys, etc. in establishing the Trust.



Donors may give real estate—in the form of a personal residence or commercial property—to the School if its value is $250,000 or greater. Typically, the real estate must be marketable as SAB's policy is to sell these gifts as soon as is it practical. In some cases it may be possible for you to give a residence and reserve the right to live there for your lifetime.



A donor can use life insurance to make a gift to SAB by giving a paid up policy, or naming the School as the beneficiary of a new policy. All such gifts must be in compliance with New York State and Federal laws and regulations.

---

There are many different plans which donors may utilize to fit their personal circumstances and budgets. Each gift is unique. When considering such planned gifts, you may want to consult with your attorney and/or financial advisor concerning various tax ramifications. Call the School at the number given above to contact Carrie Hinrichs for more information.

Please note: By long standing policy, the School (unless otherwise directed) places all bequests and other planned gifts in the School's endowment and uses only the income these gifts produce. In that way each gift will help SAB students for years and years and years.

---

Every donor who makes a planned gift to SAB is eligible to join The Founders Society—a group of loyal friends who have made similar plans by naming SAB in their wills, or as the beneficiary of a trust, insurance policy, IRA, etc.

If you have already included the School in your estate plans and wish to join the Founders Society, please telephone Carrie Hinrichs at 212-769-6615 or click here to email.

Founders Society gifts all help provide a firm financial future for the School. Once added to the endowment they will provide student scholarships, faculty salaries, studio upkeep, and a host of other vital needs for decades to come.

Whatever form a Founders Society gift takes, it honors the memory of the School's two founders—George Balanchine and Lincoln Kirstein. All gifts help continue their extraordinary vision, and the practical application of that vision, which have made SAB the standard of excellence in ballet training throughout the country and the world.