ENSURE BSC’S FUTURE

BSC has a rich legacy of creating top-notch compelling work for the stage, while engaging our community with vibrant, inclusive outreach programs. By making a legacy gift to BSC, you make it possible for us to continue to create Broadway-quality shows in the Berkshires, while growing our education programming which touches over 7,000 area youth a year. Your gift also helps us find and nurture talent of tomorrow by commissioning and developing new works for our stages. And your gift helps us continue to be an economic driver by attracting 60,000 patrons to the region each year. 

You can make a unique contribution that meets your financial goals while helping BSC thrive for years to come. As you look towards your own legacy, please consider the future of BSC.

Pledge To Make Your Planned Gift

Six Planned Giving Options

1. GIFTS BY WILL

A gift by will is the simplest and most direct form of legacy giving. When you change your will to include Barrington Stage as a beneficiary, Barrington Stage receives the full gift amount you specify, subject to no estate taxes. 

2. GIFTS OF LIFE INSURANCE

You can transfer ownership of an existing life insurance policy you no longer need upon time of death to Barrington Stage. Either complete or partial ownership may be transferred. You may also create a new life insurance policy with Barrington Stage named as the beneficiary. If transferring ownership of an existing policy, you receive an estate tax charitable deduction. If you create a new life insurance policy, you will receive a charitable deduction calculated based on the policy’s cash value at the time of the transfer as well as any premiums you may continue to pay.  A new policy would be excluded from the donor’s taxable estate. 

The advantages of the gift of a life insurance policy are that the gift of policy is tax deductible, death benefit guarantees are included, the charity gains ownership of the cash values, and this form of giving is easy to understand and administer. You should note that donors do not have control over the policy, you lose access to cash values, and the gift is irrevocable.

3. GIFTS THAT PAY YOU INCOME

A Charitable Remainder Trust is a gift of cash or other property to an irrevocable trust where you as the donor receive an income stream for a term of years and Barrington Stage receives the remaining trust assets at the end of the term. When using a Charitable Remainder Trust, you receive immediate tax dedication for the future value of the current gift, and you can earn an annual stream of income for life generated by the interest on the trust.

4. GIFTS THAT PROTECT YOUR ASSETS

A Charitable Lead Trust is a gift of cash or other property to an irrevocable trust where Barrington Stage receives an income stream generated from the trust’s interest for a term of years or for the life of the donor. Your heirs receive the remaining trust assets at the end of the term. Two types of Charitable Lead Trusts are Grantor Lead Trusts and Non Grantor Lead Trusts.  Grantor Lead Trusts give you a current income tax deduction for the future stream of income that Barrington Stage receives. You receive back the tax deduction value. A Non Grantor Lead Trust locks in the value of the remainder amount for ultimate inheritance to heirs, and the money ultimately goes to the heirs. By using a Charitable Lead Trust, Barrington Stage gets a stated amount of interest every year with the heirs receiving the remainder at the end of a stated number of years or at the end of the life of the donor. 

There is a significant tax advantage to this form of giving because as a charity, Barrington Stage does not pay income taxes on the proceeds received from the annual income, whereas individual heirs may pay income taxes on amounts received from a stream of annuity income.  

5. GIFTS OF RETIREMENT PLANS

You can name Barrington Stage as a full or partial beneficiary of a retirement plan (e.g., IRA, 401K, Pension). This method provides major tax benefits. When you name Barrington Stage as the beneficiary, Barrington Stage receives the full amount of the plan, subject to no taxes. When heirs are named as the beneficiaries, they lose the majority of the plan’s value to estate and income tax. 

6. OTHER

A gift of cash is simple. Make an annual donation directed towards the Barrington Stage Supporting Foundation, allowing your gift to benefit Barrington Stage for years to come. You receive an immediate tax income tax deduction based on the value of the gift. 

You can also make a gift of assets such as stock or real estate towards the Barrington Stage Supporting Foundation. By gifting the assets directly to Barrington Stage rather than selling them first, Barrington Stage receives the full amount and the donor receives the full tax credit, avoiding capital gains taxes.

These are a few of many planed giving opportunities available.
Please consult your financial and legal advisors to discuss your options and tax implications of any gift.

Benefits of Membership in the Legacy Society

Membership in the Legacy Society is one way that BSC expresses its appreciation to these important supporters.

As a member, you will also receive these special benefits:

• Recognition in the Legacy Society’s membership roster.

• Invitations to the Legacy Society’s annual reception and other special events.

• Listing in the annual Playbill, online, and on the Legacy Society’s plaque.

• Special Legacy Society Membership Pin.

The greatest benefit is the satisfaction of knowing  that your long-range plans will help ensure BSC remains a center for world-class theatre and life-changing educational programming.

Founding Legacy Society Members

Dennis Banks
Sydelle and Lee Blatt
Jane Braus
The Boraski Family Children’s Fund
Julianne and Norman Boyd
Claudia Brown
Carole and Dan Burack
Bonnie and Terry Burman
Kathleen and Neil Chrisman
Michelle Clarkin
Hermine Drezner
Monroe England*
Stuart Fischman, Esq.
Audrey and Ralph Friedner
Marita and David Glodt
Sherwood Guernsey
June M. Guertin*
J. Ryan Gunsalus
Rhoda Herrick*
Judith and Richard Jacobs
Arnold Kotlen
Joyce and Jim Lapenn
Morris* and Rhoda Levitt		 The Lowenstein Foundation
Debra Miersma and David Russell
Nancy and Donald Osborne
F. David Prendergast*
Mary Ann and Bruno A. Quinson
Marcia and Norman Resnick
Sheila and Hal Richman
Dr. Robert* and Esther Rosenthal
Debra Jo Rupp
Linda E. Sambel*
Rosita Sarnoff
Carrie and David Schulman
Laurie and Martin V. Schwartz
Stephanie and Dick Solar
Roz and Charles Stuzin
Eleanore Velez
Karen Watkins
Laird and Reid White
Stephen and Sally Wittenberg
Eleanor Wollins* in memory of Scott Wollins*
Bob and Karen Youdelman
Michael* and Cheryl Zaccaro
The Estate of Jerome R. Zipkin*

*Deceased

We are happy to work with you or your financial advisors on crafting your planned gift. If you would like to learn more, please contact us at:

Jessica Provenz, Director of Development
Barrington Stage Company
122 North Street, Pittsfield, MA  01201
Phone: (413) 997-6110 | Fax: (413) 499-5447
JProvenz@BarringtonStageCo.org

Information for Financial Advisors:
Legal Name: Barrington Stage Company
Federal Tax ID: 04-3263298
Address: 122 North Street Pittsfield, MA 01201

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If you have included Barrington Stage Company in your estate plans but not yet notified us, we would like to hear from you.

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