Legacy contributions provide the ongoing support our company needs to operate day-to-day and to respond quickly when unexpected costs arise. Planned giving is a way to make a future gift through your financial and estate plans that gives long-term security and impact where it’s needed most. Your gift may provide tax benefits for you or your loved ones, and it will ensure that the enjoyment and enrichment you’ve experienced at San Francisco Playhouse is available to your children and community for generations to come. Through your future gift, you can continue to support San Francisco Playhouse’s adventurous artistic work and exceptional outreach and arts education programs.
We are committed to ensuring your gift is put to effective use, through long-term planning, investment, and strategic implementation. Unless you specify otherwise, your gift will become a part of San Francisco Playhouse’s endowment, where it will continue to provide income to the theatre year after year, sustaining the future of our work and mission.
- Your gift will help sustain tens of thousands of artists and audiences for generations to come, maintaining current audiences while encouraging and sustaining those of the future.
- Your gift will provide the timely and in-the-moment resources necessary for us to respond quickly to the needs of our evolving arts economy and landscape.
- Should you wish, your gift will be acknowledged in every one of our play programs, ad infinitum.
- By making a planned gift, you send a message to our community that the arts belong to all of us, and that we are responsible for maintaining them into the future.
- You can contribute appreciated property, like securities or real estate, receive a charitable deduction for the full market value of the asset, and pay no capital gains tax on the transfer.
- Those who establish a life-income gift receive a tax deduction for the full, fair market value of the assets contributed, minus the present value of the income interest retained; if they fund their gift with appreciated property, they pay no upfront capital gains tax on the transfer.
- Gifts payable to the theatre upon your passing, like a bequest or a beneficiary designation in a life insurance policy or retirement account, do not generate a lifetime income tax deduction, but are exempt from estate tax.
Choosing the right planned gift depends on your personal circumstances and goals. To learn more about how we can help, contact our Development Office at (415) 371-4767, firstname.lastname@example.org, or email@example.com.
Bequests and Wills
One of the simplest and most common ways of making a planned gift is through a will or a living trust. A bequest in a will can take the form of a fixed dollar amount, a specific asset, a percentage of an estate, a trust, or the naming of a charitable organization such as San Francisco Playhouse as a contingent beneficiary.
Life Income Gifts
This instrument enables you to donate assets while you are still living, and to receive a consistent income stream for the rest of your life. Life income gifts allow you to obtain a charitable deduction for a portion of the gift and to receive an income payment based on various factors including age, type of gift and contribution amount. Age and contribution minimums may apply.
Charitable Gift Annuity
Enables you to make a contribution to San Francisco Playhouse and guarantee yourself (or a beneficiary) an income for life. The annuity is a contract between the donor and the San Francisco Playhouse, which guarantees a fixed rate of return or payout rate based on the age(s) of the donor(s) and/or named beneficiary(ies).
Pooled Income Fund
Combines or “pools” a donor’s gift together with others in a diversified investment portfolio managed by a team of financial professionals. You and your designated beneficiaries receive an income for life based on your share of the return on the investments. Upon the death of the final beneficiary, the principal will go to Episcopal Relief & Development.
Charitable Remainder Trust
Sets up a tax-exempt irrevocable trust arrangement in which the donor transfers cash or assets (such as appreciated securities or stock) to the trust and can receive income for life or a term up to 20 years. At the death of the final beneficiary (or end of the term), the remainder will go to San Francisco Playhouse. There are two types of charitable remainder trusts: the charitable remainder unitrust (CRUT), where the income varies with the value of the trust, and the charitable remainder annuity trust (CRAT), in which the income is fixed based on the initial funding value of the trust.
Charitable Life Estate Contract
Enables the donor to deed real property to San Francisco Playhouse while retaining the right to reside in the property while living. You receive a tax deduction and the property may avoid estate taxes and capital gains tax. The contract must specify who pays for maintenance, taxes, insurance and other fees on the property. Vacation property and domiciles may be used, but businesses may not.
Permits a donor to purchase a life insurance policy and name San Francisco Playhouse as the owner and beneficiary. You can contribute to San Francisco Playhouse to pay for the premiums and receive a deduction for the contribution. If you make Episcopal Relief & Development the owner and beneficiary of an existing policy, you get an additional deduction for the current value of the policy.