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  • For decades, the Los Angeles–based artist Lita Albuquerque has blurred distinctions between Land art and Light and Space on increasingly grander scales, whether it be building installations surrounding the pyramids in Egypt or placing sculptures across Antarctica to mirror the formation of the stars. Her cosmic explorations continue with two new bodies of work that are currently being shown at Kohn Gallery in Hollywood, from January 9 through February 27, 2016, and at USC’s Fisher Museum of Art, from January 26 through April 10, 2016.

  • Karaoke Kart

    May 05| Special Event
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    Otis Radio students, Caroline Dillon, Ibrahim Ghulam and Forouzan Safari, present The Karaoke Kart! Join them for a sing-a-long on the 4th floor of Ahmanson, or listen to the live radio broadcast in the Cafe (or on 96.1 FM).

  • Otis Fine Arts presents For The Time Being, the 2016 BFA Senior Exhibition. The show will run May 9-15 with a public reception on Saturday, May 14, 6-9 pm.

  • Annual Exhibition Preview

    May 13-15, 2016

    CELEBRATE WITH US

    Join us for an exhibition and celebration of work by the next generation of creative professionals in:

    Architecture/Landscape/Interiors
    Communication Arts: Advertising Design, Graphic Design, Illustration
    Digital Media: Animation, Game and Entertainment Design, Motion Design
    Fashion Design: Costume Design

  • May 13-15, 2016

    CELEBRATE WITH US

    Join us for an exhibition and celebration of work by the next generation of creative professionals in:

    Architecture/Landscape/Interiors
    Communication Arts
    : Advertising Design, Graphic Design, Illustration

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Legacy Society

kite festival

 

The Otis Legacy Society honors the generosity of individuals who have included Otis College of Art and Design in their estate plans.

You can create a lasting legacy by helping to ensure the future of Otis for generations to come. We invite you to join with other dedicated philanthropists in enjoying the benefits of the Otis Legacy Society. 

 

Planned giving opportunities:

  • Bequest provision in your will or revocable trust
    With a bequest provision naming Otis College of Art and Design as a beneficiary in your will or revocable trust, you may designate a specific dollar amount, a percentage of your estate or the remainder of your estate after other bequests are honored. A will provision allows you to make a substantial contribution without diminishing the assets available to you during your lifetime.
  • Qualified Retirement Plans

    Naming Otis College of Art and Design as a beneficiary of your qualified retirement plan may be particularly advantageous.

    Current distributions from qualified retirement plans are reported as taxable income. In addition, distributions from these retirement plans at the death of the account-holder can be subject to estate taxes. In some cases, these income and estate taxes can claim as much as 70 cents from every dollar of the plan�s balance left for your heirs (excluding your spouse).

    By naming Otis as the beneficiary of the remainder of your retirement plan, the total balance would become available for the College's use, avoiding income and estate taxes.

  • Charitable Lead Trust
    Setting up lead trust results in significant estate tax savings. You can transfer assets to a trustee, such as your financial institution* so that an annual sum is paid to Otis each year. When the trust terminates, the assets in the trust revert to the named beneficiaries
     
  • Life Insurance
    A gift of life insurance can allow you to leave a significant gift to Otis at a very small net cost to yourself and your heirs. You can donate a fully-paid policy, which is removed from your taxable estate or purchase a policy with
  • Otis as the beneficiary.
  • Real Estate
    A retained life estate allows you to gift your home to Otis, take an immediate income tax charitable deduction for a portion of the appraised value, and continue to live in your home for life. You remain responsible for all taxes and upkeep. At the end of the life estate, Otis would use the proceeds of the sale of the property to benefit the area of Otis you care about most.
  • Charitable Remainder Trusts
    A Charitable Remainder Trust (CRT) is an attractive method to achieve a variety of goals while providing income for life. After your lifetime, the property that remains in the trust will benefit Otis.
  • Charitable Gift Annuity
    A Charitable Gift Annuity allows you to make an irrevocable gift to Otis so that you or a designated beneficiary receive a fixed income for life plus an IRS calculated immediate charitable deduction for income tax purposes. At the death of the last income beneficiary, Otis receives the principal to use in accordance with the terms of your gift.
  • Deferred Income Charitable Gift Annuity
    Income payments begin on a predetermined future date with a deferred annuity. This deferral results in higher income payments for the beneficiary(ies) and a higher tax deduction, as compared with a gift annuity that has an immediate payment.

 

This information should not be construed as legal advice or instruction. These examples are intended merely to illustrate possibilities. We encourage you to speak with your attorney or financial advisor about your options.


For further information about how you may benefit from making a bequest or other planned gift to Otis College of Art and Design, contact Rebecca Cunningham, at 310-665-6869 or rcunningham@otis.edu Or give now online .