Leaving a Bequest

Leaving a Bequest

A bequest is a way to continue support of an organization that shares your values and will extend them into the future. A simple codicil can direct the executor of your estate to direct funds as you wish. If you do not have a will currently, you can make the bequest as part of the one you ask to be prepared. In the case of a bequest from retirement funds, there will be no taxes on the amount you designate to a non-profit. Check with the custodian of your funds for details.

The Wayne Theatre Alliance has prepared a codicil that can be used to direct a portion of your estate or retirement funds to the Alliance. You can also have your lawyer write a bequest to WTA into your will. The funds can be directed to operational budget or restricted to any of the following WTA accounts:
Programming Fund: supporting a particular category of performances or a series
Building Fund: ensuring the on-going maintenance of the Wayne
Arts Support Fund: underwriting the use of the Wayne by local arts organizations.
Wayne Endowment: investing in the future operations of the Wayne Theatre. (Funds may be donor-directed for a specific purpose.)

     

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