One of the most effective and lasting ways to help North Carolina Theatre is through planned giving. As a member of the Legacy Society for North Carolina Theatre you will take on a crucial role in our relentless pursuit of artistic excellence, and directly aid in upholding the high standards of quality that North Carolina Theatre productions offer. Join the Legacy Society today by completing a letter of testamentary intent. NC Theatre is a 501c3 charitable organization, Federal Tax ID number 56-1072874.
Hello Dolly! Photo Credit: Curtis Brown Photography
THE DIFFERENT WAYS THAT YOU CAN GIVE
There are many different ways that you can have an impact as a member of the Legacy Society:
A donation as defined in a will that allows you to defer your gift until after your lifetime.
This is the most common way to make a planned gift. With the help of your attorney, you will be able to hold on to the full use of your estate, while still making a charitable contribution to North Carolina Theatre.
Here are a few examples of how to word your bequest:
I give, devise, and bequeath to The North Carolina Theatre, currently located in Raleigh, North Carolina, all the rest, residue and remainder of my estate, both real and personal, to be accepted and used in the discretion of its Board of Directors.
I give, devise, and bequeath to The North Carolina Theatre, currently located in Raleigh, North Carolina, __________ percent of the rest, residue and remainder of my estate, both real and personal, to be accepted and used in the discretion of its Board of Directors.
I give, devise, and bequeath to The North Carolina Theatre, currently located in Raleigh, North Carolina, the sum of ____________________ to be accepted and used in the discretion of its Board of Directors.
Making a donation with little cost to you by using your insurance to make a charitable gift.
A planned gift of life insurance is another way that you can make a donation to North Carolina Theatre. This type of gift permits you to a beneficial tax deduction. Along with the help of your attorney you can decide how much you would like to donate, and determine if you will use an old policy or simply create a new one.
GIFTS OF REAL ESTATE
A gift of personal property as opposed to a cash donation.
These types of contributions allow for even greater tax benefits than cash gifts which allow you to deduct the full fair market value of the property, while also reducing estate taxes on assets passed down to your family.
GIFTS OF APPRECIATED SECURITES
Making special donations of stocks or bonds.
Contributing your appreciated securities to North Carolina Theatre will give you an immediate charitable deduction for the full present fair market value with no capital gains tax on the appreciation.
RETIREMENT PLAN, IRA OR 401(k)
Naming North Carolina Theatre as the beneficiary of all, or part of your remaining balance.
You can name North Carolina Theatre as the beneficiary of the remaining funds from your retirement plan, IRA or 40(k). If other beneficiaries do not need these funds, North Carolina Theatre can be named as a beneficiary, which makes you eligible for a tax deduction.
CHARITABLE LEAD TRUSTS
Reduces the estate taxes on important assets so that more of your estate can be passed down to your beneficiaries.
This option lets you preserve your property while your funds are separately held and invested. You will be paying a fixed or variable income to the North Carolina Theatre for a fixed amount of time, and will immediately be eligible for a tax deduction after the creation of the trust.
HOW PLANNED GIVING WILL BENEFIT YOU
Here are a few ways that you will benefit by joining North Carolina Theatre’s Legacy Society:
Listing in the playbill as a member of the Legacy Society
Invitation to an exclusive annual Legacy Society Dinner
Personalized assistance with preferred seating
Backstage tour by special arrangement with the Development Department