Planned giving is a way to support an organization by making a donation through your estate plans. This helps ensure that the theater can continue to produce innovative work.

Your gift can encourage future generations to become involved in theater, either as performers, supporters, or patrons. The Stagecrafters Theater could become a training ground for young artists, and your bequest may help fund education programs or scholarships for the next generation of theater professionals.

How it works

• You can include a donation to The Stagecrafters Theater in your will or living trust.
• You can specify a dollar amount, percentage of your estate, or a specific asset like stock.
• You can also name The Stagecrafters Theater as the beneficiary of a life insurance policy.
• Qualified Charitable Giving

Benefits

• Planned giving can help preserve cultural heritage and creativity.
• It can reduce the size of your taxable estate.
• It can provide tax benefits, such as deductions for life insurance policies.

Types of Planned Gifts

Bequest

A bequest provides long-term stability, which can allow The Stagecrafters Theater to continue producing innovative and engaging productions. You would be contributing to the theater’s ability to take creative risks, invest in new works, and support emerging talent. One of the simplest ways to remember The Stagecrafters Theater in your estate plans is through your will or trust. You can designate a specific asset, amount of money, or percentage to The Stagecrafters Theater using language such as:

“I give and bequeath to The Stagecrafters Theater, 8130 Germantown Avenue, Philadelphia, PA 19118, the sum of $______ (or a description of the specific asset), or ____% of the residue of my estate (or trust) after debts and expenses for the benefit of The Stagecrafters Theater and its general purposes.”

Retirement Plan

Designating all or part of what remains of your retirement plan after your death can be a tax-efficient way to make a gift to The Stagecrafters Theater. Since IRAs and 401(k) plans are usually funded with untaxed dollars, they are subject to income tax as well as estate tax. As a nonprofit organization, The Stagecrafters would receive your gift tax-free.

Making a gift from your IRA or 401(k) can be as simple as logging into your plan’s website and designating The Stagecrafters as a beneficiary in the Beneficiary Designation area. You can also request a form from your plan administrator and name The Stagecrafters as a beneficiary.

Qualified Charitable Giving

Another way to directly donate from your IRA is through Qualified Charitable Giving. If you are 70 1/2 or older, QCGs can be a way for you to direct some of your required distributions to support charities of your choice without itemizing, taking the most of your donation off your tax liability. Ask your accountant or financial planner for details.

Life Insurance Policy

If you own a whole life insurance policy that you no longer need, you can make The Stagecrafters Theater owner of the policy. By doing so, you will normally receive an income tax deduction for the policy’s fair market value or cost basis. If you name The Stagecrafters beneficiary of the policy and retain ownership, you will receive an estate tax deduction for the insurance proceeds.

Donor Advised Fund Gifts

If you already give through a donor advised fund, you may find it provides the opportunity to make recommendations regarding the distribution of any remaining fund balance in the event of one’s death. You may be able to name one or more charities as beneficiaries or to recommend future distributions to certain charities. Your fund administrator can provide more information. You will need The Stagecrafters Theater correct legal designation to finalize your planned gift:

The Stagecrafters Theater
8130 Germantown Avenue
Philadelphia, PA 19118

Tax exempt under IRC Section 501c(3) and a public charity for federal tax purposes.

Tax ID (EIN) 23-6251080

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