ENDOWMENT GIFT


Endowment Gift
The spirit of Bohemia and the ancient art of Patronage have long been intertwined. Kings and emperors, lords and ladies, and citizens of wealth and power generously supported the creative process of poets and writers, painters and sculpturers, actors and musicians. The 'grand tradition' continues today...

Without the support of our generous circle of givers, PacRep Theatre could no withstand the "whipsand scorns of time." We thank the following individuals, without whom our community would lament the loss of so many of our treasured historic and cultural resources.

PacRep Theatre's Endowment

PacRep has an established endowment with the Community Foundation for Monterey County. Gifts to the Endowment are held in perpetuity by the Foundation and the return on the investment is used by PacRep for its general operating support.


Gifts of any amount are welcomed.

Traditionally, most gifts to the Endowment have been made through a donor's estate in the form of a planned gift although current gifts of stock, real estate, or cash are accepted as well.

You may create your own special named fund in memory or honor or someone or in support of a specific program, with a minimum gift of $10,000. If your gift is in the form of a Charitable Remainder Trust, Life Insurance, or a gift of Real Estate, all of which are irrevocable, and is designated as an Endowment gift, the fund will be created at the time of the gift.

How a Gift to the Endowment Works
  • When making a gift, you decide to make it permanent.
  • PacRep places such gift in to its established fund with the Community Foundation for Monterey County
  • The return on the investment is used by PacRep to further its mission
What are the Benefits to You, the Donor?
  • A Lasting Legacy
  • Ability to honor or remember someone
  • Ability to support a specific on-going project of PacRep
  • You receive an immediate tax deduction when the gift is made
  • You may reduce your estate taxes (depending on the size of your estate)
  • Enables you to provide substantial future support to a cause that is important to you   
How do I make a Life Income Agreement?

Making a life income agreement will require the professional services of an attorney who is knowledgeable in estate planning. We can help you identify qualified attorneys to help you if you are not already working with one.
 


To discuss a contribution or show sponsorship, or to find out more about PacRep Theatre's planned-giving program, please call Executive Director Stephen Moorer at 831.622.0700 ext. 104.



We make no claims regarding the accuracy of the above information or the tax consequences stemming from your use of it. Please consult with your own tax, legal, or financial planning advisor.


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