Endowments + Planned Giving - Market House Theatre

Endowments + Planned Giving

While there’s no time like the present, Market House Theatre also is concerned for the future needs of the theatre.

That’s why we promote the options of endowment giving and planned giving. Both ways of giving can have a significant impact on MHT. But which one is best for you? We can’t answer that question for you (consult your tax advisor), but we can explain the ways you can give!

What is an Endowment?

An endowment is a special account that Market House Theatre has set aside for the future needs of the theatre. Our endowment funds consists of a few revenue streams, including cash gifts designated as endowment funds given by donors, planned gifts that are pledged to MHT’s endowment fund, and gifts from the Fred and Peggy Paxton Endowment Fund that are given as matches through our participation in the annual Fred Paxton Challenge for Charities.

We do have an urgent matter.

One of our biggest community supporters has pledged to match 90–100% of new endowment gifts annually, up to $50,000 a year through the year 2034. We are grateful for this level of generosity and it is our prerogative to meet the full $50,000 match each year! Your endowment gift now impacts Market House Theatre’s operations in the future and leverages an additional $50,000 of matching support.

What is a planned gift?

A planned gift is simply one that you plan by including Market House Theatre as a benefactor after you’ve left this physical world. A planned gift can be unrestricted, allowing Market House Theatre to use those funds wherever they are most needed, or restricted, meaning you have the final say in how your gift is used. Even if you are compelled to support a very specific facet of Market House Theatre (ie, youth education and outreach, productions, properties, etc.), it’s important to consult Market House Theatre about you wishes beforehand, so that there is assurance that the MHT can comply with the restriction.

We recommend that you consult your tax advisor, who will give you advice on what is best for your situation and your intentions, and what the financial benefits are to you. And then let us know your intentions! A gift to the endowment today or a planned gift to our endowment will leverage matching support, so it’s vital that we know about your plans. There is no minimum gift level required, but there are a number of ways to give.

Ways to Give

Charitable contributions are critical to our mission of providing performing arts opportunities to residents of all ages and making the performing arts accessible to all. Your thoughtfully made gift to Market House Theatre can meet an urgent need right now or well into the future. Here are some ideas to consider with your attorney and/or your professional advisor.

Gift of cash or stock.

RMDs from Retirement Accounts

Real Estate

Life Insurance

Bequest

Charitable Gift Annuity

Charitable Remainder Annuity Trust

Your gift now, via cash, check, credit card, or by transfer of stock shares.

Direct your required minimum distribution from your qualifying retirement plan to MHT.

That rental house, commercial property, vacant lots, farmland - any property that you own.

A no-longer needed policy, a “wealth replacement plan,” name MHT as a beneficiary or a contingent beneficiary, or take out a new policy for the sole purpose of naming MHT as a beneficiary.

You can name Market House Theater as a beneficiary in your will or trust.

You can place cash or property into a trust that pays a fixed amount MHT for the number of years you select. At the end of the period, the assets held by the trust are transferred to beneficiaries you name.

You can place cash or property in a trust that pays annual income to you or another beneficiary for life. After your death, the remainder of your trust transfers to MHT.

Your gift is tax deductible to the fullest extent of the law.*

You avoid possible penalty taxes to your account.*

Your real estate gift may eliminate capital gains tax and give you a deduction on your taxable income.*

Your estate may be eligible for a charitable deduction.*

You can establish a future gift with no impact to your current financial situation and you may even save in estate taxes.*

You may receive a reduction in federal gift and estate taxes.*

You may receive income tax benefits the year you establish your trust.*

Market House Theatre does not render legal, tax, or other professional advice. You should always seek advice from an attorney and other professional advisors when considering making a charitable gift. Please contact our Michael Cochran at 270.444.6828 x105 after you’ve made your decision.