If you have a family member or friend whose life has been touched by Salem Art Association, we hope you’ll consider making a gift to SAA in honor of that person. Providing a gift establishes a living tribute that allows you to:
- Honor a loved one or yourself
- Support SAA’s continuing efforts
- Receive personal financial benefits from your contribution.
You may feel reluctant to condition your gift upon personal recognition. Yet allowing us to use your name or the name of a loved one can inspire philanthropy in others and further a cause that’s important to you.
Giving Now or Later
Any charitable gift you arrange can be made in honor of someone. Consider these two basic methods of establishing an honorary gift.
A gift today—An outright gift can help fund Salem Art Association’s immediate needs or an upcoming project. The financial benefits include an income tax deduction and possible elimination of capital gains tax.
A gift through your will or living trust—You can include a bequest in your will or living trust stating that a specific asset, certain dollar amount or—more commonly—a percentage of your estate will pass to Salem Art Association at your death in honor of your loved one.
No matter which basic method you choose, you have the ability to endow your gift so that it lasts forever. Endowments are structured so that you designate the purpose of your gift. Your gift is invested with and becomes part of our endowment and a distribution is made each year. Because the principal remains intact, the fund will support our mission in perpetuity.
For more information, please contact Sandra Burnett, Executive Director, at 503-581-2228 x303 or sandra@SalemArt.org.