WAYS TO
GIVE
Montauk Playhouse
Community Center Foundation, Inc. (MPCCF) offers a variety of individually
tailored gift options that provide donors with maximum convenience and
flexibility. Contributors may find that the resulting tax advantages
enable them to make a significantly larger gift than they had thought
possible.
While outright gifts are
most immediately helpful to MPCCF, donors may make a contribution in
a variety of ways. Many of these offer substantial tax, estate planning,
and other financial benefits. As a result, donors may enhance financial
security for themselves and their families, while also making a substantial
commitment to strengthening the future of the Montauk Playhouse Community
Center.
Montauk Playhouse Community
Center Foundation welcomes the opportunity to meet with you and your
advisors to discuss how you can include us in your charitable plans.
All discussions will be held in the strictest of confidence.
Gifts of Cash
Writing a check to MPCCF is a simple and direct way to contribute.
Cash contributions entitle you to a tax deduction for the amount of
the gift. You may choose to make a donation in memory or in honor
of a loved one or a particular life event.
Pledges
Rather than making an outright cash gift, you may prefer to spread
your payments over a period of up to five years on a schedule convenient
to you. A pledge may allow you to contribute more significantly to
MPCCF than might otherwise be possible, while extending tax advantages
over a period of several years. You can make a pledge by contacting
our administrative office or click
here to obtain our pledge form.
Appreciated Securities
Gifts of appreciated securities can be particularly beneficial to
both you and MPCCF. Long-term securities (those held more than a year)
earn a deduction on their fair market value on the day of the gift.
In addition, neither MPCCF nor the donor is subject to capital gains
tax on those securities. Short-term securities earn a deduction on
their original cost to you. Gifts of readily marketable securities
will be credited at fair market value at the average of the high and
low quoted selling price on the date the donor relinquishes control
of the asset. We ask that donors making a gift of stock contact us
before the transfer is made, so that we may credit the donor properly.
Matching Gifts
A company or foundation that matches gifts can often double or triple
contributions to MPCCF. Contact your personnel office for details
or call us for more assistance.
Please contact us before
proceeding with the following gifts.
Other Appreciated Property
Valuable personal property - books, works of art, antiques - often
appreciate over time, presenting additional opportunities to contribute
to MPCCF. Such gifts may reduce your estate tax liability and lower
your taxable income in the year of the donation.
Real Estate
For many donors, the most advantageous way to support MPCCF is through
gifts of real estate. You may deed property outright to MPCCF, transfer
ownership of some or all of the property to MPCCF while retaining
residency rights, or include real estate in a bequest to MPCCF. All
gifts of real estate are subject to advance approval.
Estate Planning Vehicles
Bequests and charitable trusts are popular vehicles through which
you can provide charitable support to MPCCF. They can also provide
significant financial benefits for you and your loved ones. All planned
giving donors will become members of MPCCF's planned giving recognition
society. We suggest that you seek advice from your financial and legal
advisors when considering these options.
Bequests
Bequests are exempt from federal and state inheritance taxes, and
subject to an unlimited deduction, you may find that a commitment
through your will - combined with an outright pledge - may allow you
to contribute more significantly to MPCCF than you thought possible.
"I
give and bequeath to the Montauk Playhouse Community Center Foundation,
Inc. the sum of $_______, or ________ face value bonds, or ________%
of my estate."
Charitable Lead Trusts
If you are seeking ways to pass assets on to your heirs - and if your
current income exceeds your personal financial requirements - a Charitable
Lead Trust may provide income and estate tax benefits. A Charitable
Lead Trust is created by placing assets in trust for a period of years,
with a specific amount being paid to MPCCF in each of those years.
At the end of that time period, the assets are passed on to your beneficiaries.
Charitable Remainder
Trusts
If you would like to make a significant gift to MPCCF but are concerned
about giving up a portion of your income, you may find the Charitable
Remainder Trust particularly advantageous. The principal of the gift
is released to us for spending purposes upon the death of the beneficiary
(the individual receiving the income).
Life Insurance
Life insurance is an often-overlooked vehicle for contributing to
MPCCF. When you name MPCCF as both owner and beneficiary of a policy,
we gain invaluable financial support, while you receive a substantial
charitable deduction. The value of a fully paid policy is its cash
surrender value. If we pay premiums, these payments will be considered
operating expenses and will not increase the cash surrender value
of the gift.
Retirement Plan Gifts
You may choose to name MPCCF as a beneficiary, or a contingent beneficiary,
of your 401K, IRA, pension fund, profit sharing plan, or other retirement
plan. Naming a charitable organization as a partial or full beneficiary
of your retirement plan may result in income and estate tax savings.
Persons are advised to check with their accountants and/or financial
advisors for individual tax benefits.
For more information,
contact us at 631-668-1124.
Montauk Playhouse Community
Center Foundation (MPCCF) is a 501(c)(3) tax-exempt organization.
Matching Gifts
A company or foundation that matches gifts can often double or triple
contributions to MPCCF. Contact your personnel office for details
or call us for more assistance.
Please contact us before
proceeding with the following gifts.
Other Appreciated Property
Valuable personal property - books, works of art, antiques - often
appreciate over time, presenting additional opportunities to contribute
to MPCCF. Such gifts may reduce your estate tax liability and lower
your taxable income in the year of the donation.
Real Estate
For many donors, the most advantageous way to support MPCCF is through
gifts of real estate. You may deed property outright to MPCCF, transfer
ownership of some or all of the property to MPCCF while retaining
residency rights, or include real estate in a bequest to MPCCF. All
gifts of real estate are subject to advance approval.
Estate Planning Vehicles
Bequests and charitable trusts are popular vehicles through which
you can provide charitable support to MPCCF. They can also provide
significant financial benefits for you and your loved ones. All planned
giving donors will become members of MPCCF's planned giving recognition
society. We suggest that you seek advice from your financial and legal
advisors when considering these options.
Bequests
Bequests are exempt from federal and state inheritance taxes, and
subject to an unlimited deduction, you may find that a commitment
through your will - combined with an outright pledge - may allow you
to contribute more significantly to MPCCF than you thought possible.
"I
give and bequeath to the Montauk Playhouse Community Center Foundation,
Inc. the sum of $_______, or ________ face value bonds, or ________%
of my estate."
Charitable Lead Trusts
If you are seeking ways to pass assets on to your heirs - and if your
current income exceeds your personal financial requirements - a Charitable
Lead Trust may provide income and estate tax benefits. A Charitable
Lead Trust is created by placing assets in trust for a period of years,
with a specific amount being paid to MPCCF in each of those years.
At the end of that time period, the assets are passed on to your beneficiaries.
Charitable Remainder
Trusts
If you would like to make a significant gift to MPCCF but are concerned
about giving up a portion of your income, you may find the Charitable
Remainder Trust particularly advantageous. The principal of the gift
is released to us for spending purposes upon the death of the beneficiary
(the individual receiving the income).
Life Insurance
Life insurance is an often-overlooked vehicle for contributing to
MPCCF. When you name MPCCF as both owner and beneficiary of a policy,
we gain invaluable financial support, while you receive a substantial
charitable deduction. The value of a fully paid policy is its cash
surrender value. If we pay premiums, these payments will be considered
operating expenses and will not increase the cash surrender value
of the gift.
Retirement Plan Gifts
You may choose to name MPCCF as a beneficiary, or a contingent beneficiary,
of your 401K, IRA, pension fund, profit sharing plan, or other retirement
plan. Naming a charitable organization as a partial or full beneficiary
of your retirement plan may result in income and estate tax savings.
Persons are advised to check with their accountants and/or financial
advisors for individual tax benefits.
For more information,
contact us at 631-668-1124.
Montauk Playhouse Community
Center Foundation (MPCCF) is a 501(c)(3) tax-exempt organization.
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