I’ve been attending Berkshire Theatre Festival since my high school years here in Stockbridge more than 50 years ago, and I want to make sure that theatre lovers will have this Berkshire treasure to enjoy for another 50 years and beyond. I consider planned giving as being like insurance... insurance for a financially secure future for BTF, here for generations to come.
– Larry Vaber, BTF Emeritus Trustee
Here are some of the many ways you can support Berkshire Theatre Group through your estate plan:
Bequests and Retirement Plans
A will provision allows you to make a substantial contribution to BTG without diminishing the assets available to you during your life. Since bequests are deductible from your taxable estate, significant estate tax savings may be possible. If you name BTG as a beneficiary of your retirement plan, you also avoid income tax when BTG receives its share of your plan.
Charitable Remainder Trusts
You can use an irrevocable trust to provide yourself and/or a loved one with a fixed annual income or an income which varies with the value of the trust. Part of your gift qualifies for an income tax deduction, as calculated with IRS tables. At the death of the last income beneficiary, the remainder of the trust is distributed to BTG.
Real Estate with Retained Life Estate
A residence or other real property may be given to BTG as an outright gift, or you may prefer to give your residence, farm or vacation home and retain the right to occupy it for life. You get a charitable deduction in the year you arrange your gift.
When you give a life insurance policy to BTG, the cash surrender value of the policy or the cost of a replacement policy is deductible as a charitable contribution. If you continue to pay premiums after your gift, these premiums are also deductible.
These are a few of the many Planned Giving opportunities. When considering a planned gift be sure to consult your financial and legal advisors.
For more information, please contact
Tara Young Kalish
Director of Special Events & Donor Relations