Your Estate and the Levantine Cultural Center
With thoughtful planning, you can benefit your estate while supporting the Levantine Cultural Center. Founded in 2001, the Center has become a vital aspect of life in Southern California, as a nonprofit organization that bridges Americans and the Middle East/North Africa with artistic and educational programs for adults and students.
Planned giving can be as simple as including a bequest provision in your will or naming the Levantine Cultural Center as a beneficiary of your retirement plan or life insurance policy. Your rewards will be more than the potential tax savings, for there is unparalleled personal and emotional satisfaction in helping to sustain an organization that builds community, fights racism and bias, unites cultures in conflict, and provides jobs. When you donate to a nonprofit organization, your contribution does not stop at the advancement of a single individual, but underwrites a network of many. This ‘machine' of effort and philanthropy makes your donation prolific, at any dollar amount. As an organization that promotes education and arts above all else, donations go forward to yield more information and resources that are orchestrated in our programs and sensibly delivered to an informed public.
Your testamentary charitable bequest ensures that your support of the LCC will continue in perpetuity. It is possible to designate a special purpose or program for your bequest. Keep in mind that the specific needs of the Center may change, depending on what stage of development we achieve. Presently, the Center is broadening initiatives for ‘capacity building'-general development to help make our center into the landmark cultural arts complex that we envision for Southern California. Therefore, it could be recommended to authorize the Center to use the bequest for its general charitable purposes to best assist the development process that comes into fruition in the future. However, you can designate your bequest to a particular purpose such as one of the multidisciplinary aspects of the Levantine Cultural Center. Please contact us to ensure that your gift can be used as intended.
A bequest is for you if...
Benefits of making a bequest
There are many types of Bequests:
Outright Bequest - The Levantine Cultural Center is given a specific dollar amount or a specific asset, such as securities or marketable real estate.
Residuary Bequest - The Levantine Cultural Center is given all or a percentage of the remainder of the estate after payment of all expenses of the estate and any other specific amounts bequeathed to other beneficiaries of the will.
Testamentary Trust - You may provide for income to be paid from the trust to a designated beneficiary, and after that individual's lifetime all or part of the principal passes to the Center.
Contingent Bequest - You may have family and friends for whom you feel a responsibility and choose to provide for them first in your will. The Center is given a bequest only if the designated beneficiarie(s) predecease you.
Specific purpose designations:
* The Levantine Cultural Center is a tax-exempt nonprofit corporation as described under Section 501(c)(3) of the Internal Revenue Code; the Federal Tax Identification Number: 91-2156607. Gifts and Bequests to the Levantine Cultural Center are tax deductible to the full extent provided by law.
For more information, contact Alyssa Ruiz de Esparza, 310.657.5511.