The Encore Society honors distinguished individuals demonstrating the generosity and vision to have included State Theatre New Jersey in their estate plans. Some donors have agreed to make irrevocable bequests to The State, while others have simply let us know that the organization is a beneficiary of their estate. These gifts ensure a legacy of great performing arts for future generations in our community. Members of The Encore Society are invited to special events and recognized for their support (if desired) in State Theatre New Jersey performance playbills and other publications.
State Theatre New Jersey's planned giving program enables donors to make valued gifts to the organization in ways that complement their personal financial planning. A planned gift to State Theatre New Jersey can help donors obtain significant income tax deductions, reduce or eliminate estate taxes, and convert low-yielding assets into a higher income stream at a reduced capital gains cost.
The extraordinary foresight and generosity of our Encore Society members helps to ensure that audiences will continue to enjoy world-class performances, educational and outreach programming at State Theatre New Jersey for generations to come.
We will be delighted to meet with donors and their financial advisers to help tailor giving strategies that best meet their needs. Choosing the right planned gift depends on your personal circumstances and goals.
To receive more information on The Encore Society, please contact Jane Nordell, Vice President of Development, at firstname.lastname@example.org or 732-247-7200, ext. 514.
Including State Theatre New Jersey in your will is among the easiest and most effective way to support the organization. Bequests can include a specific gift of cash, stock, or a percentage of the remainder of an estate. If you already have a will, you may add a codicil or amendment to your current will. Here is some sample language for a bequest codicil:
I hereby give, devise and bequeath to State Theatre New Jersey, a nonprofit corporation organized and operating under the laws of the State of New Jersey, the sum of ______________ (or ___ % of the rest, residue and remainder of my estate) to be used for the general operating of State Theatre New Jersey (or for a particular program you wish to support).
By designating State Theatre New Jersey as a beneficiary of your retirement account(s)—IRA, 401k, 403b, etc.—a donor will reduce or eliminate income and estate taxes and may increase the amounts passing to your heirs.
Donating retirement plans to charity can be an excellent choice for many donors, as retirement assets can be subject to multiple levels of taxation. The combination of federal and state income and estate taxes can seriously erode the value of retirement savings. By giving these assets to the theater you care about, you can save your estate both income and estate taxes.
The large cash value resulting from a relatively small premium makes a life insurance policy an attractive planned gift. A gift of life insurance may be made in one of two ways:
The information on this website is not intended as legal or tax advice. For legal or tax advice, please consult an attorney. References to estate and income taxes apply to federal taxes only. State income/estate taxes or state law may impact your results.
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