Gualala Arts Promoting public interest and participation in the arts since 1961
Gualala Arts Mission since 1961 is to promote public interest and participation in the arts.
With savvy planning, your Arts Center has continued our mission to promote public interest and participation in the arts since 1961!
We have a dream of a $10 million endowment fund, which would generate enough income to cover our overhead costs (currently over $1,400 a day) and we can focus on our mission. We have a spending rule in our endowment policy that restricts the board to 5% or less of the average of 3 year balances. SO, if we had a $10M endowment the board could use up to $500K a year for overhead (including property insurance) and/or program expenses, we are currently about 10% towards this dream!
With your strong support we can build an inspiring future for Gualala Arts that will maintain its relevance in our community and strengthen its reputation and capabilities.
Making a gift by including Gualala Arts in your long-term financial or estate plan is an important decision. It’s a decision that encompasses more than financial goals and tax benefits. It’s about having your legacy live on in perpetuity with the community institutions you value the most.
Planned gifts provide meaningful support to Gualala Arts while helping you achieve your own personal and financial goals as well as the securing the future for generations to come.
Bequests
Your charitable bequest is one of the most important type of gifts for building Gualala Arts future.
Many Gualala Arts supporters choose to name Gualala Arts as a beneficiary of a will or living/revocable trust. This is one of the most common and simple ways to leave a legacy gift. You can also name Gualala Arts as a beneficiary of a retirement plan – IRA, 401(k), 403(b), ESOP, etc. – which may enable you to make a larger gift than you anticipated because income and estate taxes are not imposed when retirement plan assets are left to a charity.
You may include Gualala Arts in your will or living trust by using the following language:
- DOLLAR AMOUNT: “I give, devise, and bequeath to Gualala Arts, Inc. a nonprofit California Corporation,
PO Box 244, Gualala CA 95445, and indicate the dollar amount.” - SPECIFIC PROPERTY: “I give, devise, and bequeath to Gualala Arts, a nonprofit California Corporation,
PO Box 244, Gualala CA 95445, my interest in _________________(describe property and exact location).” - PERCENTAGE: “I give, devise, and bequeath to Gualala Arts, a nonprofit California Corporation,
PO Box 244, Gualala CA 95445, _____% of my estate.”
If you are considering a bequest to Gualala Arts, it is important to discuss all of the consequences of such a bequest with your own advisors.
If you have an existing will or living trust, a codicil or amendment, respectively, can be written to include Gualala Arts as a beneficiary.
Like all gifts made to Gualala Arts, you may designate the gift to be unrestricted or restricted to a specific program or area of activity. If you are considering a restriction we encourage dialogue now to ensure that your wishes are honored.
If you do include Gualala Arts in your plans, don’t forget to let us know! Understanding your goals in advance helps us ensure that funds are used at Gualala Arts in accordance to your wishes.
Gualala Arts is set up to be the recipient of your generosity with appropriate accounts. You are encouraged to contact the Executive Director, David Sus Susalla.
Gualala Arts, Inc. PO Box 244, 46501 Old State Hwy., Gualala CA 95445, 707-884-1138 (TIN 94-6121872)
