Planned Giving Opportunities

Planned Giving

WHY A PLANNED GIFT?

Through planned giving you can make a significant contribution to the Center without compromising your current financial position. Some planned gifts can provide you with additional income. Many reduce your taxes. The greatest benefit, however, is knowing that you have strengthened the school’s ability to transmit the passion for craftsmanship to future generations.
To discuss a planned gift, we encourage you to contact our Executive Director, Peter Korn, at 207-594-5611 or peter@woodschool.org.

PLANNED GIVING OPTIONS

The easiest way to make a planned gift is through a bequest in your will. However, you may also consider a more complex financial instrument that can provide you with additional current income and/or reduce your taxes. Here is a range of planned giving options. We recommend that donors consult with an attorney or financial planner in deciding which type of planned giving option best suits their circumstances.

Bequests
You can leave a specific gift or a portion of your estate to the Center for Furniture Craftsmanship in your will.

Life Insurance
If you no longer have a need for the benefits, you can contribute your life insurance policy simply by naming the Center for Furniture Craftsmanship as its owner, beneficiary, and/or partial beneficiary.

Retirement Plan
By naming the Center as a beneficiary of your retirement plan you may eliminate double taxation, where both income and estate taxes would be levied on retirement plan assets left to your heirs.

Charitable Remainder Trust
With a CRT you can place cash or property in a trust that benefits you and/or another person for life and receive immediate income tax benefits. After the deaths of all beneficiaries, remaining principle is transferred to the Center for Furniture Craftsmanship.

Charitable Lead Trust
Through a CLT you can place cash or property into a trust that benefits the Center for Furniture Craftsmanship for a specific number of years. Once this period ends, the assets held by the trust are transferred to individuals whom you’ve named.

Real Estate and Appreciated Securities
Gifts of real estate or securities that have appreciated in value can provide you with significant tax advantages.

PLANNED GIVING OUTCOMES

Building on the Center's record of strong financial stewardship, your planned gift will be managed with competence and respect.

Most donors choose to leave their planned gifts unrestricted, so that future Boards of Directors can deploy them to the school's greatest advantage at the time they come in. But you also have the option of restricting your gift to a specific purpose that is dear to your heart.

Specific areas you might choose to support through endowment include:

Scholarships
Your investment in the Scholarship Endowment will enable talented individuals, who could not otherwise afford tuition, to engage in life-changing, educational experiences.

Fellowships
Your gift to the Fellowship Endowment will provide emerging professional furniture makers, turners, and carvers with advanced, creative opportunities to jumpstart their careers.

Faculty Development
Your generosity to the Faculty Endowment will strengthen the school’s greatest resource—its ability to attract exceptional professional woodworkers from around the globe to its faculty.    

Facilities
Your contribution to the Maintenance Endowment will keep our campus, buildings, and equipment in topnotch condition for future generations of students and instructors.

Visiting Artists
Your donation to the Visiting Artist Endowment will enable outstanding professional woodworkers to inspire our students and Studio Fellows while exploring fresh directions in their own work.

Messler Gallery
Your donation to the Messler Gallery Endowment will expand the pool of exhibitors and the scale of work presented (by covering shipping costs), enlist accomplished guest curators and jurors, and, from time to time, travel exhibitions and publish catalogs.

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