Join the Victory Circle Society

About the Society

The Victory Circle Society is a legacy giving society designed to celebrate and honor those who remember the 500 Festival Foundation in their estate plans.

Whether through wills and bequests or by naming the Foundation as a beneficiary of their life insurance or retirement assets, donors who become members of this society will leave a charitable legacy to help ensure the future of the 500 Festival and the events and programs that make the Month of May in Indianapolis so special.

Join the Victory Circle Society

Since 1957, the 500 Festival has driven the community
forward through meaningful celebrations of the
Indianapolis 500. Your membership in this society will
enhance and grow this legacy for years to come. Even
further, leaving a charitable legacy to the Foundation
could also present tax advantages to both your estate
and loved ones.

Benefits of Joining

Recognizing The Victory Circle Society members is
important to the 500 Festival Foundation. It gives the
Foundation an opportunity to express our appreciation
and may inspire others to support the Foundation.
Members of The Victory Circle Society receive an
invitation to special Festival and Foundation events
and recognition in the Festival’s annual report.

Ways to Give

There are several ways to join and meet your philanthropic and legacy goals through planned giving. General information regarding the various types of planned gift vehicles are listed below, but we encourage you to consult your professional advisors to find the best option for you.*

The simplest way to leave a planned gift to the Foundation is to make a charitable gift in your will or living trust. Bequests can be a specific amount, percentage, or remainder of assets.

This form of charitable planned giving is a little more complicated but can be advantageous for those in their retirement years. A charitable gift annuity (usually cash or stock gifts, but also now IRA Rollover) allows you to
support the Foundation while receiving a tax deduction and a fixed flow of income for the rest of your life. Payments depend on age at the time of donation.

A beneficiary designation is another easy way to make a charitable gift to the Foundation and allows you to make a substantial gift, often larger than what you could afford during your lifetime. Designate the 500 Festival Foundation as a beneficiary for your:

➤ IRA account
➤ 401K or 403(b)
➤ Life insurance

Not all gifts to the Victory Circle Society occur later. Through a charitable remainder trust you receive an immediate tax deduction and lifetime income for you and your named beneficiary, and whatever remains in the trust will support the Foundation. Using a charitable remainder trust enables you to donate
more complex property into the trust.

If you meet the age for a required minimum distribution, you can give up to $100,000 from your
IRA directly to the Foundation without having to pay income taxes on the money.

Stocks and other securities offer a tax-advantaged way to support the Foundation. Depending upon
your personal tax circumstances, you may be able to reduce your taxable income or receive a charitable deduction by transferring stock to the Foundation. Contact your bank or broker to jump-start your legacy.

Donor-Advised Funds offer you the flexibility to recommend how much and how often funds are granted to the Foundation. Please consult your professional advisor for the next steps.

*There is no minimum gift required to join the Victory Circle Society.

Questions?

Please reach out to Sara Adams, Foundation Director

(317) 614-6132 | sadams@500festival.com

Get In Touch Today!

Get In Touch Today!

Get In Touch Today!

Have questions or inquiries? We’re here to help! Reach out to us for any assistance, feedback, or information you may need.

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