The late Frank Neubauer left a legacy that will support many worthwhile causes. His will named several local and national charities as beneficiaries. A generous bequest to RiverPark Center was designated to provide assistance for tickets to the underprivileged. His legacy lives on with the joy and wonder generated from families seeing their first Broadway show.

Increasingly, people like Mr. Neubauer are discovering the remarkable financial incentives you receive for your charitable giving. If you incorporate planned giving into your estate plans, you help yourself and you leave more for your heirs (and less to the government). Furthermore, you make arrangements to leave a legacy with the causes that are near and dear to your heart.

Bequests and other testamentary gifts are often the most realistic way for many people to make a substantial gift to a cause or causes, just as Frank Neubauer did. Bequests are considered an extremely flexible planned giving option because they can be changed any time a will’s provisions are changed. Charitable bequests are fully deductible for federal estate tax purposes. (Tax and related laws vary from state to state and change often. Consult with your attorney when making a bequest.) Bequests may be established in different ways depending upon your wishes – including specific bequests, residue or remainder bequests, and contingent bequests.

Charitable Lead Trusts, Charitable Remainder Trusts, Charitable Gifts of Appreciated Property, and Charitable Gifts of Life Insurance are other important vehicles used in astute gift planning.

Your direct or deferred gift (as part of your estate plan) will ensure that this anchor of community life, this showplace that is such a source of civic pride, will be sustained for future generations. Your financial advisor or attorney can provide you with more information on the advantages and opportunities of planned giving. Call the RiverPark Center Foundation at 270.687.2770 or foundation@riveprarkcenter.org for more information.