The Legacy Circle at People’s Light
Planned gifts to People’s Light help to secure the Theatre for future generations. Designating People’s Light in your will or other estate plans can also provide excellent tax benefits.
The Legacy Circle at People’s Light recognizes individuals who have included the Theatre in their estate plans through a planned gift.
There are simple ways to make a gift through your will or estate plans:
1. Include a gift to People’s Light in your will or revocable trust. Your estate receives a charitable deduction for your bequest to People’s Light.
2. Create a charitable gift annuity or charitable remainder trust. These enable you to make a contribution to People’s Light in exchange for payments each year for a specified term or for life. This payment can be made to you or others you choose. Your gift is invested for the specified term or life and then the remaining assets are transferred to People’s Light to be used as you have directed. These types of gifts can also provide significant income, capital gains and estate tax savings for you.
3. Name People’s Light as a beneficiary or owner of an existing life insurance policy or purchase a new policy to benefit People’s Light.
4. Establish a life income trust that enables you to receive income for life while making a gift to People’s Light. This type of planned gift allows you to obtain an income tax deduction, reduce your estate taxes, and protect your financial security during your lifetime.
5. You can designate People’s Light as a beneficiary of part or all the remainder of your IRA or retirement plan.
Distributions from retirement plans at the death of the survivor of the account-holder can be subject to both income and estate taxes. By naming People’s Light as the beneficiary of the remainder of your retirement plan, 100 percent of the plan’s balance is available for the Theatre’s use, since the distribution avoids both income and estate taxes. You simply need to notify your plan’s administrator and complete a “change of beneficiary” form.
Legacy Circle members will be recognized in our programs (if you wish) and with exclusive invitations to People’s Light events.
When you are ready to inform us of a planned gift or for further information, please contact Jane P. Moss at 610.647.1900 x102 or firstname.lastname@example.org.
Thank you for your support of People’s Light.