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Planned Giving

Planned Giving

How Do I Make a Planned Gift?

Your planned gift can provide general operating income or be designated to support a specific artistic, educational, or capital program, while providing you and your family with a variety of annuity and tax benefits. Gifts may take the form of a charitable gift annuity, trust, bequest, or other gift.

Whatever the form, a planned gift is an enduring expression of your commitment to Goodspeed Musicals - one that will help ensure that generations of artists and audiences will continue to enjoy and participate in the finest musical theatre for years to come.

Your Gift    Your Goal
   How to Make Your Gift
   Your Benefits
        
    
 

Bequest 

  

Defer a gift until after your lifetime

 

Name Goodspeed Musicals in your will or living trust. Designate a specific amount, percentage, or share of the residual of your estate

 

  • Your donation is exempt from federal estate tax
  • You maintain control of your assets during your lifetime
Gift of Retirement Assets    Avoid double taxation on IRAs or other employee benefit plans   Name Goodspeed Musicals as the beneficiary of all or part of your retirement plan assets
 
  • Allows you to make a gift from the most highly taxed assets, leaving less tax-vulnerable assets for family
Gift of Life Insurance
  Make a large gift with little cost to you
  Change ownership on a life insurance policy you no longer need
 
  • Current income tax deduction
  • Possible future deductions through gifts to pay premiums
Charitable Gift Annuity
  Supplement income with steady payments that are partially tax-free
  Establish a charitable gift annuity contract with Goodspeed Musicals that pays a set amount for life
 
  • Current and future income tax savings
  • Fixed payments for life for one or two individuals
Charitable Remainder Trust
  Convert highly appreciated or low yielding assets to a fixed or often increasing income stream
  Create a trust that pays you income annually, the principal is retained for Goodspeed Musicals
 
  • Variable or fixed income for life
  • Immediate income tax charitable deduction


Together, we can find a plan that benefits you and Goodspeed Musicals. Please give us a call.

For more information, please contact:

Gloria Gorton
Goodspeed Musicals
PO Box A
East Haddam, CT  06423
860-873-8664 x366
ggorton@goodspeed.org

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