Donate to The Arts Center
Your tax-deductible gift to TAC makes it possible to inspire creativity and foster community well-being by ensuring equitable access to the visual arts.
With your support, we can provide collaborative exhibitions, enriching learning opportunities, artist development programs, and vibrant cultural events for the greater Corvallis area.
Annual Gifts
Annual gifts of $50 or more receive access to early drop-off to the Howland Community Open, our most celebrated and well-attended show of the year. Donors also enjoy beautifully curated art postcards showcasing the year’s exhibitions, and a 10% discount at TAC’s ArtShop, where you’ll find unique, locally handcrafted treasures and gifts.
Annual gifts of $100 or more receive, in addition to the above benefits, a North American Reciprocal Museum (NARM) card, granting access to over 1,000 cultural institutions nationwide.
Sustaining Support
Make a lasting impact by committing to a monthly donation. As a sustaining donor, you provide consistent and reliable support for TAC. Your sustaining gift empowers TAC to plan ahead, expand its impact, and continue making a difference every day.
Be the reason TAC thrives — start your sustaining support today and ensure your generosity has a lasting effect on the arts.
Corporate Sponsorship
Turn your marketing dollars into community impact with a sponsorship opportunity at The Arts Center. By sponsoring TAC, you not only support our mission but also position your brand as a committed community partner.
We’ll ensure your name and logo reach new audiences, extending beyond the scope of traditional marketing.
Please contact our Development Manager for more information.
DAF Pay
What is a Donor-Advised Fund (DAF)?
A DAF is a tax-advantaged investment account for charitable contributions, managed by a third-party. A DAF allows the donor to contribute cash or assets for an upfront tax benefit, and recommend grants or investments to a nonprofit from the fund at any time.*Please note: Contributions to DAFs are irrevocable and can only be used for permissible gifts to eligible charities approved by the DAF provider. Thoroughly review the rules and limitations of your DAF provider and consult your professional tax, accounting, and financial advisors for assistance.
What are the benefits of DAFs?
- Increased Tax Settings
- Get an upfront deduction and avoid capital gains on appreciated assets while your DAF investments grow tax-free.
- Straightforward Decisions
- It’s like a gift card you’ve given yourself for the specific purpose of doing good in your community. With funds already set aside, DAF gifts don’t impact your budget.
- Streamlined Philanthropy
- Maximum flexibility. One tax receipt, one portal – no filings, no setup or admin costs, and no overhead.
- Expanded Impact
- Over 1,000 DAF options – from brokerages to community foundations and independent providers – with improved platforms and lower requirements.
If you are interested in setting up a DAF, contact our Development Manager.
Planned Giving
What is Planned Giving?
Planned Gifts are established during the donor’s active life and only become eligible upon death. The Gifts may be indicated in the donor’s will, or the donor can mark the intended recipient as a beneficiary on owned property and/or their bank or financial accounts.
What are the benefits of Planned Giving?
- Generosity
- A Planned Gift is often the most significant contribution a donor will make to a nonprofit organization they care about, as it can represent a substantial portion of their estate. This gift serves as a lasting legacy, ensuring their values and generosity continue to make an impact beyond their lifetime.
- Flexibility
- If a grandchild is born or circumstances change, one phone call to a bank can change or update the percentages of a beneficiary or an amendment to a will can also be made efficiently with a legal amendment called a codicil or by creating a new will and revoking the old one, both of which require proper signing and witnessing.
- Satisfaction
- The donor can rest easy knowing they have provided a significant gift to the organization of their choice, maintaining ongoing support of the efforts and mission long after they have passed.
Gift of Stock
What are Gifts of Stock?
Stock can be gifted without selling it. Once you designate a nonprofit to receive your stock transfer, a call or email to your broker can easily make the transfer per your request.
What are the benefits of giving a gift of stock?
- Donating stock instead of cash can be an advantageous way to donate.
- If you gave $1,000 of stock instead of selling it and donating the cash, there’s no tax consequence for you because you’re not realizing any of the gains, and the charity won’t pay taxes when it sells the stock since it’s a tax-exempt entity.
- What’s more, you may be able to claim a fair market value charitable deduction on that donation. Want to pass these savings back to the charity? All the merrier.
How it works
- Contact our Development Manager for delivery instructions to The Arts Center’s Edward Jones broker.
- Give our delivery instructions to your investment professional and tell them what stock or mutual fund you want to donate.
- They will process the donation to The Arts Center’s Edward Jones account.
- Edward Jones will contact us to get our instructions to sell the asset.
- Once sold and the funds are available, Edward Jones will pass those on to The Arts Center.
Endowments
What is an Endowment?
An endowment is designed to provide long-term, sustainable financial support for a specific cause or organization.
How it works
The original donated assets (principal) are invested, and the investment returns (interest, dividends, etc.) are used to fund the organization’s operations, programs, or other designated purposes.
Perpetuity
The core principle of an endowment is that the principal remains intact (or grows over time) while the investment income is used to support the organization’s mission, ensuring long-term financial stability.
Types of Endowments
- True Endowments: Permanently restricted funds where the principal must be held in perpetuity, and only the investment income can be used.
- Term Endowments: Allow for the disbursement of the principal after a specific period or event.
- Quasi-Endowments (or Board-Designated Endowments): Funds designated by a board of directors for endowment purposes, but the board can also release the restrictions and use the funds for other purposes.
What are the Pros and Cons of giving to an Endowment over a regular gift?
- Pro
- Sustainable Funding: Endowments provide a reliable and ongoing funding source for organizations.
- Long-Term Impact: They allow organizations to plan for the future and make a lasting impact.
- Legacy Giving: Endowments enable donors to create a legacy of giving that supports their chosen cause for generations.
- Con
- Access: The money cannot be accessed immediately by the organization as they receive disbursements quarterly from the endowment.
- To counter inflation, an organization may need to spend more than the income generated by the endowment to maintain the same level of support for its programs, which can require additional fundraising efforts.
- Access: The money cannot be accessed immediately by the organization as they receive disbursements quarterly from the endowment.
The Arts Center’s Endowments are held at Benton Community Foundation. Contributions to TAC endowments can be made directly to BCF with directions to apply to the TAC endowment. Please contact our Executive Director,Erinn Gavaghan at executivedirector@theartscenter.net with questions and for more in depth conversations.