You are invited to join The Alhambra Society and help protect the future of Santa Barbara’s historic Granada Theatre.
The Alhambra Society – named after the Spanish citadel above the city of Granada, Spain that protected the lives and livelihoods of the city’s residents – honors those contributors who help protect the future life of the Granada theatre through a planned gift. Membership is reserved for supporters who communicate to the Santa Barbara Center for the Performing Arts their intention to make a gift to support the Granada Theatre through a bequest, life insurance, retirement fund or a gift of appreciated assets.
A bequest is the simplest and most common form of planned giving. A bequest can perpetuate your annual gift...forever!
One way to maximize the impact of even a relatively small bequest is to endow it, so that it distributes five percent of the principal year after year--forever. A bequest of just $10,000, for example, if endowed, will generate an annual gift of $500 in perpetuity. What an incredible way to ensure the Granada Theatre thrives as Santa Barbara's Center of excellence for the Performing Arts for many future generations!
Making a bequest is easy by naming the Santa Barbara Center for the Performing Arts in your will.
For example, you may add a line that reads, "I bequeath the sum of $_____to the Santa Barbara Center for the Performing Arts, to be utilized as its Board of Directors deems appropriate." Or, "I bequeath the property located at (address) to the Santa Barbara Center for the Performing Arts..." Or, "I bequeath all of my shares of (X stock) to the Santa Barbara Center for the Performing Arts." Etc.
Although donors may always designate the use for which their gift is intended to community engagement, programming and/or to theater operations and building preservation, the Santa Barbara Center for the Performing Arts encourages donors to leave unrestricted funds whenever possible. That way, we have the freedom to use your gift where it is most needed.
You don't have to create a new will to make a bequest to the Santa Barbara Center for the Performing Arts.
If you already have a will, you can include a gift to the Santa Barbara Center for the Performing Arts simply by adding a "codicil"--an addition to your existing will. The codicil must meet all the legal requirements of your state of residence, and generally must be signed by you in the presence of witnesses. The simplest way to ensure that your will and any codicils are legally drawn is to ask your attorney to draft them.
You can also remember the Santa Barbara Center for the Performing Arts through your life insurance or retirement account.
Another easy way to benefit the Santa Barbara Center for the Performing Arts is by making us the beneficiary of your life insurance or retirement account. In most cases surviving spouses are the primary beneficiary, when there is no surviving spouse, or when the surviving spouse is already provided for by other means, the Santa Barbara Center for the Performing Arts can also be listed as a contingent beneficiary--meaning our organization would benefit only after other surviving beneficiaries are taken care of during their lifetimes.
We encourage you to consult your attorney who can draft the appropriate language for you to ensure that your estate benefits the people or organizations you intend, in the order that your gifts are intended.
For more information on how you can support The Granada Theatre please contact our Development Department 805.899.3000
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