The Endowment
Creates A Memory in Perpetuity
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The Smithtown Township Arts Council is a 501(c)(3) non-profit organization created to receive and manage charitable gifts to the Council. All documents naming the Smithtown Township Arts Council as beneficiary including wills, retirement plans, trusts and other legal documents need to use the legal name. The Endowment is organized to receive funds in the form of cash and securities. These gifts are defined as: Permanently Restricted Net Assets resulting from contributions and other inflows of assets. The Council's use of these gifts is limited by donor-imposed stipulations that neither expire by the passage of time nor can be fulfilled or otherwise removed by the actions of the Council. The Endowment has other forms of bequest that change as a consequence of time and events. These are arranged with gift giver direction. The Endowment provides an opportunity for forward-locking philanthropy. These gifts provide for all ages of the Smithtown Community. Please consider a gift to The Endowment of the Smithtown Township Arts Council. It provides for the future of the Arts in Smithtown, tax benefits to the donors now and a remembrance in perpetuity. The Departments of the Endowment Nureyev Society Otis Skinner Society De Mille Society Berenson Society Fitzgerald-Dickinson Society John Dewey Society Funds are placed in the department of the Endowment with reference to the wishes of the donor. Gift funds are restricted and the income is used in accordance with the donor's wishes. |
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