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A Temper of Peace and an Extraordinary Commitment

By Martin Page

Martin Page

Martin Page, acclaimed songwriter, has included The Huntington in his estate plans.

As a professional songwriter and artist, I'm always searching for that elusive elixir of inspiration, that spark that ignites ideas for songs. The Huntington is the place I go to open the mind, free the spirit, and break open the dam of creativity.

I was first introduced to The Huntington by my manager, Diane Poncher, around the time I was writing my first two number one hits with Elton John's lyricist, Bernie Taupin—"We Built This City" (Starship) and "These Dreams" (Heart)—and I was immediately aware that I had found my second home...away from the busy, stressful, overactive music studios of Los Angeles.

I originally came from England, where nature—green fields and trees, the New Forest National Park—surrounded my childhood, so to come to The Huntington was a little like returning home, to a place that fed my soul with beauty and peace.

My recently released solo album was largely created in my mind while strolling The Huntington grounds. In fact, The Huntington graciously allowed me to use an image of their wonderful sculpture, "Day" by Paul Howard Manship, as the album cover. The album's title, "A Temper of Peace" (a temperance of peace), is what I am able to attain while strolling the grounds, which I do at least twice a week. It's where I tune my soul.

It's rare to discover havens that feed the intellect and heal the human condition—places that offer health and wholesome reflection. The Huntington is one such unique place, and I can't think of a better institution to support. I am extremely proud to be part of its Heritage Society.

The Huntington is grateful to Martin for his farsighted generosity. If you would like to learn more about the Heritage Society and how you can become a member, please contact Cris Lutz at 626.405.2212 or clutz@huntington.org.

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A charitable bequest is one or two sentences in your will or living trust that leave to The Huntington a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to The Huntington or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to The Huntington as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to The Huntington as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and The Huntington where you agree to make a gift to The Huntington and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

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