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Planned Giving

Planned Giving: Leave a Legacy

You are our passionate advocate. We invite you to be a keeper of the flame by making a planned gift to The 222. A planned gift can protect your assets, provide for your family, guarantee you income for life, and allow you to leave a legacy gift that is a testimony to your love for the performing arts.

A planned gift can offer you…

  • a way to support The 222 and your love for exceptional performances
  • a tax deduction this year, retirement income for the future
  • guaranteed income for life
  • a way to offer financial assistance to a relative
  • a way to provide tuition assistance to children or grandchildren
  • ways to preserve the value of assets you pass on to loved ones

A planned gift can benefit you, your loved ones, your estate, and The 222.

Types of Planned Gifts

For information about making a planned gift, contact Debra Petrocchi, Director of Planned Giving, at 707.473.9150 or dpetrocchi@the222.org

Bequests

One of the easiest ways to make a planned gift is through a bequest in your will or trust specifying a gift to The 222, which can be for a specific dollar amount, a percentage of your estate, or a certain piece of property.*

Beneficiary Designation: Retirement Plan and Life Insurance Policy

You may make a significant planned gift with minimal legal paperwork by making The 222 the beneficiary of a life insurance policy or a retirement account—IRA, 401(k), 403(b)—often by completing a one-page form available from your account provider. Retirement plans are among the most highly taxed assets one can hold. By naming The 222 as the beneficiary of your retirement plan, the funds remaining upon your death are not taxed and your loved ones have no hidden income tax liability. Similarly, by naming The 222 as the sole or partial beneficiary of your fully-paid life insurance policy, you may be able to avoid the estate tax on the proceeds.*

IRA Charitable Rollover Gifts

An IRA Charitable Rollover provides you with an excellent opportunity to make a gift during your lifetime from an asset that would be subject to multiple levels of taxation if it remained in your taxable estate. To qualify, you must be age 70½ or older at the time of gift and transfers must be made directly from a traditional IRA account by your IRA administrator to The 222. Funds that are withdrawn by you and then contributed do not qualify. Gifts from 401(k), 403(b), SEP and other plans are not qualified charitable distributions. Your gift of up to $100,000, per spouse per year, counts toward your required minimum distribution (RMD) for the year from your IRA*.

Charitable Remainder Trusts

A charitable remainder trust allows you to make a gift to The 222 while continuing to receive the interest and earnings on your investment during your lifetime and receiving a substantial charitable income tax deduction. You can choose either a fixed income or a set percentage of the value of the trust, which is set annually. A charitable remainder trust may allow you to avoid capital gains tax on your donated assets and you will receive a tax deduction for a portion of your gift. The trust will provide you income for life while contributing to The 222 in the future; when the trust is terminated, the remainder will pass to The 222.*

Life Reserved Agreement of Real Estate

This legal arrangement gives your home to The 222 now, and allows you to continue living in it while providing you with substantial tax savings. You deed your home to The 222. The deed will include a provision that gives you the right to use your home for the rest of your life, while you continue to provide for the maintenance, insurance and taxes on the property.*

Charitable Gift Annuity

In exchange for your irrevocable gift of cash or securities to The 222, you will receive a guaranteed fixed income for life. Charitable gift annuities are particularly popular for those who want to support the future of the performing arts, while receiving fixed income for life, as well as significant tax benefits*.

Charitable Lead Trusts

A charitable lead trust is the opposite of a charitable remainder trust. It gives The 222 income for a set number of years but retains the principal for you or your estate. A charitable lead trust is especially helpful to you if you have a large estate and are concerned about federal gift and estate taxes. Removed from your estate, assets placed in a lead trust can be passed to loved ones exempt of these taxes.*

For information about making a planned gift, contact Debra Petrocchi, Director of Planned Giving, at 707.473.9150 or dpetrocchi@the222.org

* Please consult your financial and/or legal advisors to determine which type of gift is best for you and for legal requirements regarding these gifts.

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