Leave a Classic Legacy to Santa Cruz
Include Santa Cruz Shakespeare in your financial and estate planning!
Making a planned gift is easy!
Planned giving provides you with the opportunity to include your love of theater in your financial and estate planning.
Additionally, there are special opportunities that may allow you to give more than you thought possible when you provide for Santa Cruz Shakespeare in your estate plans. We suggest that you discuss with your estate planner the benefits of providing a legacy gift to Santa Cruz Shakespeare
Planned gifts offer many advantages:
- Reduce estate taxes
- Provide a life income stream
- Receive a current income tax deduction
- Reduce or avoid capital gains tax
- Support the work of Santa Cruz Shakespeare
“We are well into creating our Living Trust and have already named four Arts charities as recipients of our assets after our deaths. Although we live in Los Gatos, three of those four are in Santa Cruz, a measure of how strongly we feel this community supports the Arts. We are hopeful that as more and more names begin to appear on this list of donors, more people will be inspired to add their names as well as their voice in support of this organization. You had our support from the very beginning, and we are happy to now be in the position to be able to support you each year as well as provide for future growth and success.”
Ways to Give
- Include SCS in your will or trust. A bequest is the most common way to leave a legacy to your favorite theater. Some people set aside a certain dollar amount. Others leave a percentage of the estate or assets left over after providing for their family.
- Make Santa Cruz Shakespeare the beneficiary of 401K/IRA plans or insurance policies. All qualify a person or couple for membership in the Society.
How the Money Benefits Your Community
Santa Cruz Shakespeare will immediately direct a percentage of your gift to the Santa Cruz Shakespeare Endowment Fund, held at the Community Foundation Santa Cruz County. You will support the longevity and strength of Santa Cruz Shakespeare for generations to come.
Your Gift Inspires Others
The Tilly Shaw Legacy Society celebrates and thanks those individuals who share in our mission to create and strengthen our community through the power of theatre. Those who remember Santa Cruz Shakespeare through a will, trust, designation or other planned gift, will be recognized as a member of the Tilly Shaw Legacy Society.
We will not ask how much is being left to Santa Cruz Shakespeare and you can always remain anonymous in your philanthropy.
Too often, legacy gifts may be designated improperly because SCS is unaware of these special gifts until the donor has passed away. At these times, proper appreciation cannot be expressed and questions regarding the specific purpose of the gift may remain unanswered.
The Tilly Shaw Legacy Society provides a way to recognize and thank our donors during their lifetime(s), and ensure that their wishes are properly documented.
We are pleased to recognize those who plan gifts today that will provide significant benefits in the future and we would be honored to include you in that select club.
We Appreciate Our Legacy Members
The following Tilly Shaw Legacy Society members have combined their affection for the Santa Cruz Shakespeare with their desire for sound financial planning:
- Sam Ames
- Sharon Dirnberger
- Larry Friedman and Thomas Ellison
- Anne Howard
- Mary-Nona and Michael Hudson
- Richard and Diane Klein
- Gerry Mandel
- Gail Marion Oakley **
- Joseph Padula **
- Mike Ryan and Don Watson
- Joyce and Campbell Scott
- Tilly Shaw **
- Jean Shimoguchi
- Karen Sinsheimer **
- Audrey Stanley
Outright gifts of cash, stock, property
Cash is most commonly used to make lifetime charitable gifts, and tax benefits are available when you itemize deductions on you tax return. You can also make a gift of securities or real estate to avoid paying capital gains tax on the appreciation.
Bequest in Will or Living Trust
You can make gifts of a specific asset, a specific dollar amount, or a percentage of your estate to SCS through a bequest in your will, or provision in your living trust.
If you have life insurance policies that have outlived their original purpose, you can make a charitable gift of their accumulated value during you lifetime, or as an alternative, name SCS to receive all or a portion of the policy proceeds at death.
Retirement Plan Beneficiary Designation.
Whether it’s a company retirement plan, a private fund such as an IRA, or a combination of the two, you can designate SCS as the final beneficiary of any remaining funds that you or your loved ones do not use.
Charitable Gift Annuity
Through a charitable gift annuity, you can make a charitable gift that will provide you or a loved one with fixed payments for life. The frequency and amount of payments are determined at the time the gift annuity is funded, and you are entitled to an income tax deduction in the year of your gift. The amount remaining at your death will go to SCS. Payout rates depend on the number of annuitants and their ages. The minimum gift for funding is $25,000.
Charitable Remainder Trust
You can transfer property to a trust that will provide payments to you and/or others for life, or for a period of time up to 20 years; at the end of the trust, the property remaining in the trust will go to SCS. (SCS will not serve as the trustee of a charitable remainder trust).
Charitable Lead Trust
You can transfer property to a trust that will make payments to the SCS or the Santa Cruz Shakespeare Endowment Fund for a period of time; at the end of the trust, the principal is returned to you and/or others you choose, such as children or grandchildren. (SCS will not serve as the trustee of a charitable lead trust).