Capital and Legacy Gifts
There are many ways you can help Glimmerglass, now and into the future.
In addition to providing invaluable support for productions, special programs and artists through our Annual Fund, you can help continue our work and maintain and improve the beautiful Glimmerglass theater and facilities through a designated capital contribution or legacy gift.
Capital and planned gifts can be established in ways that benefit Glimmerglass as well as you, your family or another charity. We recommend you consult with a financial advisor, tax or legal advisor about the method of contributing that is best for you. We can also connect you with our specialist. Examples include:
Cash or Appreciated Securities. Perhaps the most popular form of support, there are multi-year as well as immediate tax benefits for particular gifts.
Bequests. Bequests are made through your will or estate, as well as remainders from charitable trusts. Example: Founding Trustee Beekman Cannon provided Glimmerglass a generous $500,000 bequest, payable over 10 years. We have received bequests from friends ranging from $3,000 and up.
Charitable Gift Annuities. Annuities provide a fixed annual sum to you for life while providing Glimmerglass with a contribution. For example: Several long-standing friends have set up annuities. They receive a set income from these, and our endowment was increased as a result of their generosity.
Charitable Remainder Trusts. CRTs also provide lifetime or set-term income streams to you or others, with the principal left to Glimmerglass.
Charitable Lead Trusts. This is the reverse of a Charitable Remainder Trust. This vehicle provides an immediate income stream to Glimmerglass for a specific period of time, after which the assets pass back to you, your estate or heirs. For example: we are most grateful to the Woodcock Foundation, which established a 15-year Charitable Lead Trust in 1995 to enable us to build our campus office.
Retirement Plan Assets. Gifts from IRAs, Keoghs, 401(k)s, 403(b)s and ESOPs), Life Insurance Policies (with Glimmerglass named as a beneficiary), and Personal Property are also among the ways of helping Glimmerglass now and into the future.