When you make a gift to San Francisco Opera from your retirement, insurance plan assets, or other assets, you ensure our Company’s future – and reap personal benefits.
Start by contacting the firm that holds your assets and ask them for a beneficiary form to fill out. Know that your beneficiary form takes precedence over any contradictory language that may be in your will or trust.
When can I make a retirement plan gift? You can make a gift from your 401(k) or other qualified retirement plan by naming San Francisco Opera as a beneficiary.
How do I go about making a gift?
You have 3 options:
- If you want San Francisco Opera to receive all of your retirement plan assets, you may name the Opera as your plan’s beneficiary.
- If you want San Francisco Opera to receive a portion of your remaining plan assets, you may name the Opera as a beneficiary along with other beneficiaries.
- If you want San Francisco Opera to receive your retirement assets only after your spouse or other primary beneficiary is deceased, you may name the Opera as a contingent beneficiary.
How do I benefit from a retirement plan gift? Making a gift from your retirement plan enables you to leave assets to beneficiaries at a lower tax cost. Since San Francisco Opera is tax-exempt, making the Company, instead of heirs, a beneficiary of your retirement plan means that 100% of your gift passes to San Francisco Opera. If these assets are given to a loved one, other than a spouse, income and possibly estate taxes may reduce the size of your gift.
CDs, Bank and Brokerage Accounts: One of the easiest ways you can ensure the future of opera for generations to come is by making San Francisco Opera the beneficiary of a certificate of deposit, a checking or savings bank account, or brokerage account.
Donor Advised Fund Residuals: Final distribution of contributions remaining in a Donor Advised Fund is governed by the contract you completed when you created your fund. We hope you will consider naming San Francisco Opera a “successor” of your account. Or, you can name us the successor for a portion of the account value, leaving the remaining portion for your children or grandchildren.