The Hippodrome/Colony Historical Theatre Association invites its donors to ensure that Peoples Banks Theatre keeps its doors open for years to come by making planned gifts. There are many options to support our cultural and educational programming, the preservation of our historical site, and our ongoing restoration efforts, all while receiving tax benefits for yourself, your family, and your heirs.
If you have any questions about leaving a legacy at Peoples Bank Theatre or if our nonprofit organization is already in your planned gift, please contact Executive Director Hunt Brawley at email@example.com, visit our website at peoplesbanktheatre.com/support, or call our administrative office at 740-373-0894.
Please consult a tax advisor or attorney for individual legal or tax advice. State law may further impact your individual results.
Bequests/Gifts in Will
Helping the Hippodrome/Colony Historical Theatre Association doesn’t mean you have to part with your assets immediately. You can make a charitable bequest by outlining a gift in your will or living trust. This option is a simple and flexible way to ensure your lasting support of Peoples Bank Theatre for future generations.
Gifts of Appreciated Stock
Donating stock that has been appreciated for more than a year allows you to give 20 percent more than if you simply sold that stock and made a cash donation by avoiding capital gains taxes on the donated stock. You are eligible to deduct the full fair-market value of the donated asset from your income taxes, up to the overall amount permitted by the IRS. Remember: Your appreciated assets can include assets that are not publicly traded.
Did you know that you can name the Hippodrome/Colony Historical Theatre Association as a beneficiary to receive retirement plans, life insurance policies, and other assets after your lifetime? It’s an easy and versatile giving option, and you can review and adjust beneficiary designations to suit your needs at any time. And because our nonprofit organization is tax-exempt, we will receive all of your gift, rather than just a portion.
IRA Charitable Rollover
If you are age 70 1/2 or older, you can give a maximum of $100,000 from your Individual Retirement Arrangement (IRA) directly to the Hippodrome/Colony Historical Theatre Association without paying income taxes on that money. You can also create a Qualified Charitable Distribution (QCD) and have your IRA contribute directly to our nonprofit organization. If you are age 72 or older, doing this will satisfy your Required Minimum Distribution (RMD). We will use your gift as soon as possible, and you will get to see your philanthropic dollars at work.
Accounts besides IRAs that have RMD requirements at age 72 include SEP IRAs, Simple IRAs, 401(k)s, and 403(b)s.
Tribute and Honorary Gifts
Honor the life of a loved one or commemorate a special event while supporting the Hippodrome/Colony Historical Theatre Association. There are still naming rights available throughout the theatre. Your tribute or honorary gift will leave a legacy for your loved one at Peoples Bank Theatre, making a lasting impact on the arts and culture in our community.
Help protect the future of Peoples Bank Theatre by making an endowed gift. The Hippodrome/Colony Historical Theatre Association has endowment funds with the Marietta Community Foundation and The Foundation for Appalachian Ohio. By contributing to these endowment funds, you will help us expand our programming and provide funding for maintenance, preservation, and restoration for years to come. When you make an endowed gift, the principal is invested, and a portion of its earnings is used to support our mission.
Charitable Remainder Trusts/Charitable Lead Trusts
A Charitable Remainder Trust (CRT) is a gift of cash or property to an irrevocable trust. You receive an income stream from the CRT for a set term of years or for life. The named charity receives the remaining assets from the trust at the end of its term. Generally, when the CRT is funded, you receive an income tax charitable deduction based on the present value of the trust assets that the Hippodrome/Colony Historical Theatre Association will eventually receive and avoid capital gains on appreciated assets contributed to the trust.
A Charitable Lead Trust (CLT) is the opposite, in that the Hippodrome/Colony Historical Theatre Association receives an income stream for a term of years. The remaining principal passes to a designated beneficiary.