Provide For Us In Your Will
One of the simplest ways to make a lasting gift to FCB is to provide for us in your will or estate plan by stating that a certain sum be conveyed to FCB from your estate (a specific bequest) or that a percentage of your estate - after specific bequests have been made - be conveyed to FCB from your estate (a residual percentage bequest). FCB's tax ID number is 92-0155965. Your attorney may find the following language helpful when drafting provisions to fulfill your estate gift to the Fairbanks Community Band:
"I hereby give to the Fairbanks Community Band, Inc, a tax-exempt organizationas described in Subsection 501(c)(3) of the Internal Revenue Code, located in Fairbanks, Alaska, the sum of $_____ (a specific bequest) or _______percent of my residual estate (a residual percentage bequest, to be used to support the Fairbanks Community Band."
Name Us as a Beneficiary
You can name FCB as a beneficiary to your life insurance policy. You can also donate the entire policy to FCB and take a charitable deduction for the cash value of the policy.
Make a Charitable Gift Annuity
This enables you to make a gift to FCB while you receive fixed annual payments for life. There may also be tax benefits to you.
Consult Your Attorney
Donors should consult with their attorney when drafting a will or other legal documents and with their financial advisor when preparing estate plans.