Include a gift to People’s Light in your will or revocable trust. Your estate receives a charitable deduction for the bequest.
Establish a life income trust. You receive annual payments as you contribute to People’s Light. This planned gift provides you an income tax deduction, reduces your estate taxes, and protects your financial security during your lifetime.
Distributions from retirement plans at the death of the account-holder’s survivor can be subject to both income and estate taxes. But if you name People’s Light as the beneficiary of the remainder of your retirement plan, 100% of the remaining balance goes to the Theatre without taxation. Simply notify your plan’s administrator, and complete a “Change of Beneficiary” form.
Name People’s Light as a beneficiary or owner of an existing life insurance policy, or purchase a new policy to benefit the Theatre.
When you give to People’s Light through one of these vehicles, you receive an immediate charitable tax deduction and potential savings in capital gains and estate tax; then you or a designee collect timely, fixed payments for you and/or your spouse's lifetimes – the older you are, the higher your payment rate.
Consult with your own tax accountant, financial advisor, and/or attorney as appropriate. When you are ready to make a planned gift, or for further information on our Legacy Circle program, please contact Jane Moss, Director of Development, at 610.647.1900, Ext 102.