When you gift appreciated securities you do not pay capital gains tax on the appreciation, and, you receive a tax deduction for the full value of the gift. The following instructions contain all of the information your broker will need to complete the transfer: Click here.
Create your legacy and ensure BCA’s future with a gift via a will, life insurance policy, pension plan, living trust or a charitable remainder trust that provides assets to BCA, while maintaining full use and benefit of those assets during your lifetime. Your estate attorney is best-equipped to describe the benefits of planned giving options.
Give to a Named Fund or Create a Fund
Burlington City Arts Foundation gratefully holds a number of funds for special purposes. These funds act like specific savings accounts for the organization or project. The principal of these funds is invested to generate interest that can either grow with the principal or be directed to certain programs.
Existing funds include:
Burlington City Arts Foundation Fund
This fund was created to support BCA’s mission-related programs and services. As BCA’s budget must be prepared one year ahead, this fund allows an already-nimble organization the flexibility to embrace unanticipated opportunities that will advance the organization.
Burlington City Arts Foundation Endowment Fund
This endowment is a permanent fund. Its purpose is to support the long-term health and stability of Burlington City Arts. By increasing and diversifying our resources, BCA will be able to create new programming, develop new audiences and continue to serve the diverse community of Vermont.
Your support of the Burlington City Arts Foundation Endowment Fund will ensure that BCA will remain a significant arts and education resource for generations to come.
Clemmons Family Farm
The BCA Foundation serves as a fiscal sponsor for the Clemmons Family Farm in Charlotte, Vermont. The Clemmons Family Farm celebrates African-American heritage (past, present and future) and fosters the appreciation of the heritage and cultures of all people. Owned by Jack and Lydia Clemmons since 1962, the 148-acre Farm, with its 6 historic buildings, continues the family tradition of blending farming with the arts, the sciences, and opportunities to learn and share across religions, cultures and experiences with the local community and with visitors from near and far. www.clemmonsfamilyfarm.org
Herb Lockwood Prize
This statewide prize in the arts was created to reward the pinnacle of arts leadership in Vermont. The prize recognizes significant work in the areas of visual arts, music, writing, drama, dance, film, and fine woodworking—while also having a beneficent influence on the community. One artist is chosen each year by an anonymous committee; there is no application process. The prize includes a minimum of $5,000. Herb Lockwood was an inspirational figure in the Burlington arts and music scene in the 1980’s. www.HerbLockwoodPrize.org
Patrick S. Robins Scholarship Fund
Named in honor of Emeritus Board Member and BCA advocate Patrick S. Robins, this discretionary fund was established in order to support BCA’s scholarship program. BCA’s scholarship program has one of the simplest application forms of any local non-profit, making the process truly accessible to anyone with need. Our scholarship program never turns away an applicant.
Bentley Davis Seifer Award
Named in memory of a talented young artist, The Bentley Davis Seifer Award is granted annually to children who are chosen within each classroom that exhibits art in the annual Children’s Art Show hosted by Burlington City Arts in City Hall in March of each year.
Barbara Smail Award
The Barbara Smail Award was established in 2003 by friends and family of Barbara Smail, a well-loved and highly respected artist from the Burlington area who died in the fall of 2001. The award is given on an annual basis to a mid-career, Vermont-based artist who has a desire to expand his or her creative experience, has displayed enthusiastic support of his or her peers and has been under-recognized in the community either through exhibition or other awards and programs. While the award is open to artists from across the state, it is our hope that the recipient will utilize Burlington City Arts’ facilities and resources. Therefore, please take into account the artist’s location and/or ability to travel when making your nomination. CLICK HERE for more information.
BCA can also create or name a fund for you with a minimum commitment. The fund you create can be in honor of or in memory of a loved one and it can be created now or in your estate plan.