Leave Your Legacy to Actor's Express
When you join the Actor’s Express Legacy Society, you help us continue to create groundbreaking work that challenges and inspires. Many vehicles exist to structure planned gifts including bequests, charitable remainder trusts, charitable lead trusts, life insurance, retirement plans and charitable gift annuities. Explore the various opportunities to leave a legacy to Actor’s Express, and tailor gifts that can benefit AE for years to come.
For more information on joining the Actor's Express Legacy Society or questions about any of the giving options described below, email Major Gifts Officer Kristen Silton at [email protected].
Bequests play a critical role in helping Actor’s Express secure the future of its programming. Bequests are gifts by will in the form of cash, securities or other property, and may be fully deducted in determining federal and state taxes on your estate.
There is no minimum amount for bequests, and you can make a bequest for a specific dollar amount or for a percentage of your estate. You can designate your bequest for general use or you can restrict its use. Many individuals establish endowments that honor the memory of a family member or another loved one. These endowments live forever, since only the income is used annually. A will is an important legal document, and Actor’s Express urges donors considering a bequest to consult an attorney.
Your gift of life insurance can offer Actor’s Express important financial support. Such a gift may be appropriate when the growth of your other assets or the reduced need of dependents decreases a life insurance policy's value to you. Giving a life insurance policy to Actor’s Express will take the value of that policy out of your estate and possibly save estate taxes later.
You may wish to name Actor’s Express as a beneficiary of your qualified retirement plan, so the full or partial share of the remainder passes to Actor’s Express. The most appropriate for funding charitable gifts are profit sharing plans, 401(k) plans and IRAs, among others. Be sure to ask your plan administrator for the appropriate form.
The giving of plan assets to Actor’s Express after a lifetime can be an attractive option for several reasons. Because of tax rules, the transfer of plan assets to family members, other than the spouse, at the death of the plan participant may trigger two federal taxes - estate tax and income tax - potentially consuming up to 70% of plan assets and leaving little to family members. Leaving other estate assets like cash, stock, or real estate to family members while making a charitable gift of plan assets could provide a major gift to Actor’s Express at minimal cost to heirs.
IRA Charitable Rollover
If you are over the age of 70½, you can use your IRA to make charitable gifts.
Through the IRA Charitable Rollover provision, made permanent in 2015, you can donate up to $100,000 to Actor’s Express per year, directly from your account. Keep in mind this contribution will count toward your required minimum distribution (RMD), but will not be considered taxable income. Please contact your financial advisor to confirm your eligibility.