Planned Giving
Portland Baroque Orchestra brings joy and meaning to your life. You love that PBO means our region can enjoy world-class historical performances in our own backyard. You’re a forward thinker and you want to ensure that Portland Baroque Orchestra is making great music well into the future.
Because of these and the myriad other reasons why you would like to include a gift to PBO as part of your estate planning - we are so grateful!
Planned gifts are donations you make as part of planning for your legacy and include bequests, gifts of life insurance, gifts of tangible property, and other assets, such as a retirement account. Some giving options are more complex, and some are very straightforward. The good news is that your estate planning attorney can make recommendations that not only advance the work of PBO and other organizations you love, but also reduce the tax burden on your survivors and loved ones.
- Bequest/ Will Language
Planning for the future and creating the legacy you wish to leave is one of the most effective ways to ensure a lasting impact. Making a gift in your will or living trust, known as a bequest, can guarantee that your legacy endures. Your gift may be a specific dollar amount, a percentage of your estate, or the remainder after all other specified provisions are distributed.
PBO’s federal tax ID number is: 93-0901924
Suggested Bequest Language
To make an unrestricted gift, allowing PBO to determine how to use the funds based on the most pressing needs, we suggest the following language for your bequest:
“I give to Portland Baroque Orchestra, an Oregon nonprofit corporation that is recognized as exempt from tax under Section 501(c)(3) of the Internal Revenue Code, currently located at 610 SW Broadway, Ste 605, Portland, OR 97205 or its successor thereto, _________ [written amount or percentage of the estate or description of property] for its unrestricted charitable use and purposes.”
- Oregon Residents
Oregon’s tiered estate tax brackets begin with estates valued at one million dollars. This is separate from federal estate tax. Because your estate includes all your assets, including real estate, individuals are often surprised at the value of their estate. In Oregon, it is particularly important to plan for the future of your assets with a will, trust, or other estate planning instrument.
For out-of-state residents: Almost a dozen other states also have estate taxes, including Washington. Please consult with your estate planning professional for more information.