PLANNED GIVING OPPORTUNITIES
A cademy T heatre
As a not-for-profit, 501(c)(3) organization, the Academy Theatre relies on Membership and Corporate Sponsorships to sustain our operations and ensure our success.
Your support is critically important in maintaining our historically significant theatre and providing education and outreach programs that benefit our community. Your contributions to the Academy Theatre are 100% tax deductible to the fullest extent allowed by law.
HONOR A SPECIAL PERSON
Remember a life, celebrate an occasion with a tribute gift to the theatre.
The best stocks to donate during your lifetime are those that have significantly increased in value because by gifting them you will receive IRS gift credit for the current value of the stock and you will avoid capital gains tax on the appreciated portion. If you wish to keep the stock in your portfolio you can gift our organization the stock and then purchase the same stock through your broker. You will have received the same income tax deduction but will have a new higher basis in the stock.
By including the Academy Theatre in your will, you can associate yourself in perpetuity with this premier cultural organization and ensure that it continues to serve the community for years to come. You may make a bequest to the Academy Theatre simply by adding a codicil to your present will. This should be done with the advice of your attorney.
CHARITABLE REMAINDER TRUSTS
Charitable Remainder Trusts (CRTs) are gift arrangements that enable donors to contribute to the theatre while providing financial support for themselves or others. A flexible gift instrument, a CRT enables a donor to: 1. Claim a charitable tax deduction in the year the gift is made 2. Retain an income stream from the gift for themselves or others 3. Remove those assets from their taxable estates, and ultimately leave a substantial gift to charity4.Avoid capital gains taxes on appreciated assets donated to the trust
RETIREMENT PLAN ASSETS
If retirement account assets are left to anyone other than a spouse, they may be subject to very high taxation. By designating the Academy Theatre the recipient of benefits remaining in your retirement plan, or by using them during your lifetime to support a charitable gift, you may reduce the taxes that will be imposed on those assets that have grown tax-free, while accomplishing more with your other assets.