Your Donation Makes All the Difference
For nearly 20 years, the Campanile Center for the Arts has been a vital resource for arts education, engaging hundreds of area youth in hands-on art lessons, individual music instruction, and a popular summer youth theater program.
The arts are essential for fostering language development, communication, and reading skills in children. Creative activities like drawing, sculpting, and painting enhance visual-spatial skills, critical thinking, and confidence. Introducing the arts during a child’s early years plays a key role in their overall development, helping to shape well-rounded, expressive individuals.
IRA Distributions
If you have an Individual Retirement Account (IRA) and have a Required Minimum Distribution (RMD), you may make gifts to non-profit organizations directly from your IRA that count toward your RMD and are not taxed. This is called a Qualified Charitable Distribution.
Generally, you do this by contacting the administrator of your IRA and asking them to make distributions to the charities you love. The distribution usually must come directly from the administrator. Otherwise, the funds will be taxed. If you have a “charitable checking account” with your IRA, slightly different rules may apply, and you should contact your administrator or financial advisor.
As with all important financial decisions, you should consult your financial advisor. The Campanile. does not provide financial or tax advice, but a rapidly-growing number of donors are choosing this means of giving because of the considerable tax benefits.
Since the majority for Qualified Charitable Donations are not taxed, we are unable to provide benefits with a taxable value to donors.
Consult your investment advisor for more information.
Stock and Gifted Securities
Making a gift through a transfer of appreciated stocks or securities can often provide tax benefits for you. Please note that securities must be transferred directly to the Campanile Center for the Arts to be eligible for tax benefits.
- Step 1: Please notify the Campanile that you plan to give via securities by contacting at [email protected] or (715) 356-9700. This will ensure the gift is correctly attributed to you.
- Step 2: Have your broker contact Fritz Wotruba, CFP at RBC/1889 Wealth Management Group at (715) 858-3105 or [email protected] to coordinate all transfers.
