The total budget for Phase I of the Arts of Collin County project is $107 million*. Of this amount, $57 million has been raised through public bond elections in Allen, Frisco and Plano; $3 million has been granted from the Collin County open spaces program; and a 124-acre site, with an estimated value of $22 million, has been donated.

The Arts of Collin County Foundation’s BRAVO! Campaign currently has $7.5 million in gifts and pledges, which are dedicated to capital funding for the Arts of Collin County. The BRAVO! Capital fundraising goal was established through a feasibility study conducted in 2004 by fundraising consulting firm, The Kellogg Group, which found that approximately $8 million in private funding could be raised for the Arts of Collin County project in Collin County from individuals, corporations and foundations.

*Including the value of the land

Ways to Give

Creative gift-planning assistance provides donors to BRAVO! -- The Capital Campaign for Arts of Collin County a unique opportunity to design significant gifts, often beyond their expectations, with efficient, effective strategies that offer personal benefits to the donor and a permanent legacy to the arts district.

Outright Gifts

Gifts of cash allow donors to receive full tax benefits to the extent allowed by law.

Pledges

(a written promise to provide funding over time) Arts of Collin County Foundation encourages pledges as a way of giving to the capital campaign. While most pledges are for a three-year period, longer term (up to five years) pledges can be arranged, depending on the size of the gift. A pledge allows a donor to express confidence in the project now with the flexibility to provide funds for the donation on a monthly, quarterly, or annual basis.

Gifts of Securities

An attractive option for donors is through gifts of appreciated securities. Gifts of this type may provide greater tax advantages than gifts of cash. The donor can deduct the current fair market value as a charitable gift and completely avoid any capital gains tax on the appreciation.

Gifts of Real Estate

Gifts of appreciated real estate offer another way to fulfill pledges

Matching Gifts

Where appropriate, those who wish to enhance the value of a gift are encouraged to contact their employer to determine if there is a corporate matching gift program in place.

Shared or Hyphenated Gifts

Donors should keep in mind the option of shared, or hyphenated gifts which enable multiple donors to combine their resources to name a larger gift than they could have been able to make alone. This is an excellent opportunity for donors wishing to leverage their funds to the maximum benefit of the campaign, while receiving maximum visibility and recognition.

Deferred Gifts

Arts of Collin County Foundation has a bequest and deferred gift program to accommodate the forethought of such donors. Donors interested in this option should consult with their attorneys and financial advisor.