The Firehouse Theatre has been a beloved part of Farmers Branch for over 10 years, bringing imaginative live performances to our community and providing engaging artistic training to people of all ages. Our theatre has been a source of inspiration, joy, and education for many people, and we strive to continue this legacy for generations to come.
What role has The Firehouse Theatre played in your life?
It’s never too late (or early) to consider leaving a lasting impact. By leaving a gift to the Firehouse Theatre in your estate plan, you can help ensure that our theatre remains a vibrant part of our community for years to come. Your gift can support everything from our productions and youth programming to the maintenance and improvement of our building.
POPULAR WAYS TO MAKE A PLANNED GIFT INCLUDE:
- Bequests – designate a gift to The Firehouse Theatre in your will
- Outright gifts of appreciated property (securities or real estate)
- Charitable Remainder Trusts
- Charitable Lead Trusts
- Life Insurance Policies
Making a Qualified Charitable Contribution from your IRA
If you are 70 ½ or older and have an IRA, you may be eligible to make a Qualified Charitable Distribution. Qualified Charitable Distributions (QCDs) count toward annual required minimum distributions, but are not considered taxable income. They are made directly from an IRA to a qualified non-profit organization, like The Firehouse Theatre, by an IRA trustee. QCDs can be a great way to support charitable organizations while receiving tax benefits.
ALTERNATIVE ASSET DONATIONS
We understand that not everyone is in a position to donate cash, but donating alternative assets, such as securities or real estate, can provide a valuable way for you to make a meaningful contribution while also receiving potential tax benefits.
Donating securities such as stocks, bonds, or mutual funds or other assets, like real estate, can be a tax-efficient way to support The Firehouse Theatre. By donating appreciated securities or real estate, you may be able to avoid capital gains taxes on the appreciated value and receive a tax deduction for the fair market value of the securities or property at the time of donation. This means that you can make a larger donation than you might have otherwise been able to, while also potentially saving on taxes.
Donor-Advised Funds (DAFs) act like charitable savings accounts, allowing donors to donate assets all at once while designating when and for what they are used. DAFs can provide tax benefits while giving donors more flexibility about how their funds are used.
If you are interested in donating alternative assets to The Firehouse Theatre or setting up a Donor-Advised Fund, we encourage you to speak with a financial advisor or tax professional to ensure that the donations align with your financial goals and objectives.
We invite you to contact us to explore how your donation or planned gift can have an impact on The Firehouse Theatre and the artistic life of our community, as well as supporting your personal goals such as tax benefits and estate planning. Please contact David Moore, Executive Director, at David@TheFirehouseTheatre.com for more information. All requests and discussions are confidential and without obligation.
AS YOU PLAN
If you are visiting your financial planning professionals and would like to include The Firehouse Theatre in your documents, please note the following:
Legal Name: Farmers Branch Community Theatre, Inc.
Federal Tax ID: 27-4704909
Address: 2535 Valley View Ln, Farmers Branch, TX 75234