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Make A Bequest
Everyone should have a gift plan to fulfill their philanthropic goals while simultaneously benefiting themselves, their family, or others. It is an important part of your estate planning. Naming the Flagler Playhouse as a beneficiary in your will or trust is an excellent way to meet your philanthropic goals. We can work with your advisors to help you identify your options. While we would prefer to receive an unrestricted gift, we will be happy to work with you if you have a specific program or activity you would like to support at the Playhouse. Or you may take advantage of naming opportunities for rooms or programs in the theater.
Why should you make a deferred gift to the Flagler Playhouse? Its easy, good for you and good for the Playhouse. Gifts that are made through your Estate or Trust to the Flagler Playhouse require no minimum amount or asset type. Your Estate receives a charitable tax deduction and you can revise your bequest whenever you want to make a restricted or unrestricted gift. And, most importantly, it can help you make a permanent legacy to the performing arts in Flagler county.
Below is some general information on the various forms your Bequest could take. When creating a bequest or other testamentary gift to the Flagler Playhouse you will need to know the legal name of the Playhouse. It is "Flagler Playhouse, Inc."
A general bequest directs that the Playhouse receive a specified dollar amount or percentage of one's residuary estate to be used for the general purposes of the Playhouse. To include such a provision in your will we suggest the following:
“I hereby give, devise and bequeath to the Flagler Playhouse, Inc. ______ dollars ($_____), or ________ percent (______%) of my residuary estate, whichever is less, to be used for the benefit of the Flagler Playhouse as its Board of Directors thereof may direct.”
A restricted bequest directs that the Playhouse use the monies for a specified program, project, or activity. These bequests may be subject to minimum funding thresholds and require additional language in your will. Some suggested forms are listed below:
“I hereby, give, devise, and bequeath to the Flagler Playhouse, Inc. ______ dollars ($______), or _______ percent (______%) of my residuary estate”
For an existing permanent fund
“...to be added to the _____________________ Fund, and shall be subject to the terms of the fund. However, if said fund no longer exists, then it may be used as the Board of Directors of the Flagler Playhouse, Inc. may direct”
For a new permanent fund, income unrestricted please contact us.
A contingent bequest takes effect only if the primary intention cannot be met. For example:
“If (primary beneficiary) does not survive me, then I give to the Flagler Playhouse, Inc. all the rest, residue, and remainder of my estate to be used as the Board of Directors of the Flagler Playhouse, Inc. may determine.”