Planned Gifts

We are sincerely grateful for your consideration of Opera New Jersey in your future giving plans. By planning to give through financial, estate, or philanthropic support, you are helping connect this generation of opera lovers to the next. These tools for planned giving could provide you with tax benefits and fulfillment of other financial needs, while providing vital support to Opera New Jersey.

Instead of cash… appreciated securities may be given that could end up costing you less than the tax deduction you would normally receive.
Idle assets can benefit Opera New Jersey… life insurance policies, real estate, or jewelry that you no longer use may serve Opera New Jersey more than they do you
Beneficiary support… by making Opera New Jersey a beneficiary of your will, revocable trust, or retirement plan, you can maintain current cash flow and current financial planning.
Partner with Opera New Jersey… your gift can pay you lifetime income in the form of a gift annuity or a charitable trust. Or your gift could be the sale of property to Opera New Jersey at a charitable discount.

In addition to these tools, a new IRA charitable rollover provision gives tax incentives for donors age 70 1/2 or older to donate individual retirement account assets to nonprofit institutions without having to cash out their IRAs and treat the proceeds as income.

As a result, between now and December 31, 2008:

Individuals aged 70 1/2 and older may transfer up to $100,000 in 2006 and up to another $100,000 in 2007 directly from an IRA to a charitable organization such as Opera New Jersey.

This charitable distribution counts toward IRA minimum distribution requirements.

Although the distribution to a charity does not qualify for an additional charitable tax deduction, the donor does avoid paying income tax on the donation. Even taxpayers who don't itemize deductions can benefit from making such a gift.

The provision does include some limitations. For instance, distributions may not be used to fund Charitable Remainder Trusts or Charitable Gift Annuities, and tax treatments may differ from state to state.

Please contact Carrie Houtz, Development Coordinator, with any questions at (609) 799-7700 x106 or CHoutz@Opera-NJ.org.

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Opera New Jersey, Inc., PO Box 3151, Princeton, NJ 08543
(609) 799-7700 | Contact Us