Not everyone wants to commit to making a gift in their wills or estates. Some prefer the increased flexibility that a beneficiary designation provides by using:
It only takes three simple steps to make this type of gift. Here’s how to name the Las Vegas Philharmonic as a beneficiary:
Joe and Marjorie treasure the financial help they’ve been able to give their children and the Las Vegas Philharmonic over the years. The couple recently updated their will to leave stocks and real estate to their kids. They left the LV Phil a $75,000 IRA to be transferred following their lifetime. Because the LV Phil is tax-exempt, all $75,000 will help support our mission.
If Joe and Marjorie had left the IRA to their children, approximately $18,000* would have gone to pay federal income taxes—leaving only $57,000 for their family’s use. The family is happy knowing they are making the most of their hard-earned money thanks to their updated estate plan.
*Based on an assumption of a 24 percent marginal income tax bracket.
If you include the Las Vegas Philharmonic in your plans, please
Legal Name: The Las Vegas Philharmonic
Address: 2451 S.Buffalo Dr, Suite 135, Las Vegas, NV 89117
Federal Tax ID Number: 88-0398092