Special Gifts

Gifts of Stock
Gifts of appreciated stock can benefit the Hippodrome/Colony Historical Theatre Association while providing significant tax savings for individuals or corporations.

By directly donating stock to the Hippodrome/Colony Historical Theatre Association rather than selling the stock and paying capital gains tax, individuals or corporations can increase the gift amount to the Hippodrome/Colony Historical Theatre Association and benefit from a charitable deduction. Hippodrome/Colony Historical Theatre Association can accept the gift of an actual stock certificate or can accommodate a transfer from a brokerage account.

Gifts of property
Hippodrome/Colony Historical Theatre Association can also benefit from the gifts of property such as real estate, automobiles, boats and other personal property. Some items such as costumes, instruments or furniture could actually be used by the Hippodrome/Colony Historical Theatre Association while other items would be sold with the proceeds benefiting the theatre. A donor would receive a charitable deduction based on the appraised value of the item.

Bequests
Make a gift in memory of a loved one or simply make a bequest to the Hippodrome/Colony Historical Theatre Association in your will. There are many naming opportunities throughout the theatre.

Tax advantages can also be gained through the creation of a Charitable Remainder Trust (CRT) or Charitable Lead Trust (CLT).
By creating a CRT to benefit the Hippodrome/Colony Historical Theatre Association, a donor can receive income from an appreciated asset that has avoided capital gains while providing for a future benefit to the theatre. A CLT is just the opposite where an asset is immediately transferred into a trust, but income accrues to the Hippodrome/Colony Historical Theatre Association. A donor’s estate is reduced and income is paid to the Hippodrome/Colony Historical Theatre Association until the underlying asset passes to a spouse, child or other beneficiary.

For planned and other future gifts the Hippodrome/Colony Historical Theatre Association works with the Marietta Community Foundation where an endowment fund is already in place.

Please note that every tax situation is unique. A Hippodrome/Colony Historical Theatre Association representative is happy to answer any questions, but you should consult with a professional tax attorney or accountant before making any decision.