Join Our Cornerstone Collective

Individuals who include Main Line Art Center in their estate plans through a bequest, trust or by naming the Center as a beneficiary of their retirement plan, become part of our Cornerstone Collective. We are deeply grateful for your consideration and potential contribution, and we recognize the significant impact you can make as part of our collective.

The Cornerstone Collective is not just a group of dedicated supporters, but a community that is honored through exclusive yearly activities and events. By pledging to sustain the Art Center through planned giving, you become part of a group that is recognized for their significant contribution to our mission!  It is easy to make a provision for Main Line Art Center in your will or living trust. It is a meaningful way to acknowledge and honor the role that the Art Center has played throughout your life.

Gifts from bequests provide significant resources that enable the Art Center to provide need-based scholarships, update facilities, create more tuition-free classes, fund accessible art classes for those with disabilities, and increase the number of outreach programs we offer throughout our community. Your bequest ensures that the Art Center continues to provide these important resources and programs to future generations.

There are many ways to support the Art Center’s mission while also enjoying financial benefits for yourself and your family. You can make a lasting impact through:

• Outright Bequest: You have flexibility and autonomy for how this bequest can be made from your Estate, including:
  • Establishing a fixed dollar amount or a fixed percentage of assets to fund this bequest
  • Determining which assets to use to fund this bequest (e.g. cash, investments, real estate, etc.).
  • Setting the parameters for the use of such a bequest (e.g. for general use or for a specified purpose or program that may hold special meaning to you).
• Charitable Trust and/or Charitable Gift Annuity: With this type of charitable planning, you can:
  • Make a gift of assets (e.g. cash, investments, real estate, etc.) to the charitable plan
  • Retain for yourself (and, if you chose, your family) an income stream for the rest of your (or their) lives.  At the end of your life, or their life, the remaining balance will pass to the Art Center.
• 401K or IRA: Most distributions from these plans are taxed to you as income. However, to mitigate these income tax consequences, you can:
  • Direct that certain distributions are made directly to the Art Center
  • Provide that, at your death, some or all of the remaining balances is directed to the Art Center.

How it Works:

1. Include a bequests gift in your will, 401K, IRA, or trust.
2. Tell us about your gift so that we can celebrate your generosity and include you in The Cornerstone Collective.

Because each of the above methods has different tax benefits, Main Line Art Center directs you to consult with your attorney or tax advisor. Of course, we would be happy to speak with your attorney or tax advisor to make sure your important charitable contributions to the Art Center’s continued success qualifies for possible income tax, Pennsylvania Inheritance Tax, and Federal Estate Tax deductions.

This information is not intended as legal or tax advice and are provided examples for illustrative purposes only. Federal and state law may impact your individual results, and we direct our patrons to rely on the advice of their attorney and/or tax advisor.

If you have set-up a planned gift or have questions, please contact Ariel Edwards, Co-Executive Director, at aedwards@mainlineart.org.