Planned Giving Program
Our planned giving program is for our dedicated supporters who have chosen to leave
a legacy for the future of arts education, quality programming and diversity at
the Mahaffey Theater at the
Progress Energy Center
for the Arts.
Gifts can be made to support our programming or restricted to our Endowment Campaign
which, in time, will provide ongoing funding for our mission.
Bequests
A bequest enables you to make a legacy gift while retaining full control of your
assets throughout your life and can reduce estate taxes. You can make a gift to
Mahaffey Theater Foundation (MTF) through your will, a codicil to your will or revocable living trust.
Charitable Remainder Annuity Trust
With an annuity trust, the life income beneficiary (ies) receive annually a fixed
dollar amount rather than a fixed percentage of the assets in trust. This form of
trust is appropriate for those who prefer a fixed annual income, unaffected by
changes in the stock market.
Charitable Remainder Unitrusts
Using this method you can make a significant gift to MTF and continue to receive
income payments from the transferred asset for life or a term of years. With the
unitrust, you will receive annually
a fixed percentage of the fair market value of the trust’s assets. At the end of
the trust term, MTF will use the remaining trust assets for the purpose you designate.
Life Insurance
Naming MTF as beneficiary of a life insurance policy is an easy, powerful way to
make a substantial gift, either by utilizing an existing policy or by naming MTF
as the owner and beneficiary of a new policy.
Charitable Lead Trusts
A charitable lead trust is created when you, as the donor, place assets into an
irrevocable trust. The trust then makes annual payments to MTF as your charity for
a period of time that you choose, which can either be a number of years or can be
based on the life or lives of individuals you name. These payments can be fixed
or they can be based on the performance of the trust evaluated annually.
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