Planned Giving and Estate plans
By including SFMT in your estate plans you are creating a legacy and demonstrating a lasting commitment to our mission of making free theatre accessible for all generations to come. To encourage the spirit of philanthropy, the federal government allows certain tax deductions for donations made to qualified charities.
Consult with an attorney for the many ways to include SFMT in your estate plans:
Will & Living Trust Bequests
Life Insurance Policies and IRAs
WILL & LIVING TRUST BEQUESTS
Please consider including SFMT when creating/updating your will or living trust. You can bequeath a specific dollar amount or a percentage of your estate.
San Francisco Mime Troupe is tax exempt under section 501(c)(3) of the Internal Revenue Code. At San Francisco Mime Troupe, all unrestricted charitable gifts are used strategically to support the Mime Troupe's mission. If you have a more specific purpose in mind, please contact us 415-285-1717 to ensure that we can meet your wishes. Whether you choose to restrict a gift or not, your support will help preserve the Troupe and its mission for future generations to enjoy.
Tax ID: 94-1602975 / Date of Incorporation: May 10, 1965
LIFE INSURANCE POLICIES AND IRAS
You can name SFMT as the beneficiary of an IRA or insurance policy. IRAs usually require some form of tax payment when funds are distributed, but by naming the Mime Troupe as the beneficiary, taxes are avoided since we are a non-profit organization.
Gifts of appreciated stock may be transferred to SFMT and thereby avoid any capital gains taxes for the donor. This tax planning tool is derived from the general rule that the deduction for a donation of property to charity is equal to the fair market value of the donated property. Where the donated property is "gain" property, the donor does not have to recognize the gain on the donated property. These rules allow for the "doubling up," so to speak, of tax benefits: A charitable deduction, plus avoiding tax on the appreciation in value of the donated property. Remember that if you are considering the contribution of appreciated stock, you need to make sure that the shares have been held for more than one year and qualify for the "qualified appreciated stock" deduction.
Charitable Remainder Trusts provide a donor with an annual income usually for life with the remaining principal benefiting the a non-profit at maturity. Charitable Lead Trusts provide a nonprofit with income for a specified time with the principal returning to the donor or others at the end of that time.