Donate to Michigan Opera Theatre’s Annual Fund today!
The Avanti Society – Ensuring the Future
Imagine a gift that outlives you, allowing future generations to experience and enjoy the world of opera and dance. That’s the goal of The Avanti Society, Michigan Opera Theatre’s Planned Gift Recognition Program.
The Italian word avanti means “ahead,” or “forward.” The Avanti Society at Michigan Opera Theatre represents a designated group of friends of Michigan Opera Theatre who have made plans to include the organization in their estate plans – whether by will, trust, insurance, or life income arrangement. Membership in The Avanti Society is open to all.
In thanks for their generous support, Avanti Society members are given special benefits and recognition for their heartfelt commitment to Michigan Opera Theatre.
Membership benefits to The Avanti Society include:
- Your name(s) listed in the opera and dance program books under the Avanti Society listing
- An annual Avanti Society event held exclusively for members of the Avanti Society
- Invitations to special events and previews
- An Avanti Society lapel pin
The growth of Michigan Opera Theatre’s permanent Endowment Fund ensures the growth and future vitality of one of the region’s greatest cultural assets. You are invited to create your own legacy – your Avanti – through Michigan Opera Theatre.
You may download and mail in the confidential reply form to indicate your gift or contact Marcy Murchison, Major Gifts Officer, at 313.237.3416 or firstname.lastname@example.org.
Planned giving, or charitable gift planning, refers to the process of making a charitable gift bequest as part of estate planning. It is a process that requires serious consideration in light of the donor’s overall estate plan.
Planned gifts are usually, but not always, deferred, meaning they are arranged now and fulfilled later. For example, a person could include a provision in his or her will to make a bequest to Michigan Opera Theatre. That arrangement would be a planned gift.
A donor’s personal satisfaction is increased in planned giving because he/she can make a larger gift and “experience” the implication of his/her gift during his/her lifetime.
Planned gifts can provide the donor with many benefits. The benefits can include an immediate charitable income tax deduction, even though the charity may not receive the gift until a future date; deferral or avoidance of capital gains taxes on gifts of appreciated securities; retained increased income to the donor and/or their family; possible assistance in asset diversification, and most importantly, support for charity.
Donate online to the Michigan Opera Theatre’s Endowment Fund via the Community Foundation for Southeast Michigan.
Endowing Your Gift
What does endowing your gift mean? It means making your gift last forever.
For example, take an annual gift of $1,500. How much would it take to endow the gift so that a charitable organization could receive that amount indefinitely? Since the majority of nonprofits’ policy for spending endowment income is 5% annually, simply divide the annual gift amount of $1,500 by 5% and you get $30,000. Consequently, making an endowment gift of $30,000 can continue the $1,500 annual gift indefinitely. In other words, give a little now and make the gift last forever, in perpetuity.
Endowing your gift is a way for you to play a special part in perpetuating a cause that means a lot to you and will provide a steady dependable source of income to Michigan Opera Theatre. With a significant endowment, MOT will be able to expand its repertoire, develop new productions, fund programs at the Ford Center for Arts and Learning, and continue the company’s rich tradition of featuring minority artists, works and productions. In addition, as this fund grows, we will be able to receive larger annual distributions to help with our general operations. Consequently, you help us ensure the future and support the present at the same time with your gifts.
You may contribute to the Unrestricted General Endowment Fund at Michigan Opera Theatre at any level, or set up a specific Named Endowment Fund for the purpose of your choice. Setting up an endowment could be the most farsighted and enduring act of your lifetime!
For questions regarding estate planning, planned giving and endowment contact Marcy Murchison, Major Gifts Officer, at 313.237.3416 or email@example.com.
Honor or memorialize someone special with a tribute donation to Michigan Opera Theatre.
If you know someone who loves opera or dance, a donation to support Michigan Opera Theatre in their honor can be a perfect gift! We often receive gifts in memory of loved ones, honoring birthdays, anniversaries and holidays, or even just to thank a friend. When you make a tribute donation, we will send you a receipt for your tax-deductible gift and send an acknowledgment to the person/people you choose to honor. Gifts may be of any size and those of $25 or more will be listed in the Michigan Opera Theatre program book.
To make a donation contact Amelia Gillis, Manager of Annual Fund, at 313.237.3402 or firstname.lastname@example.org.
Many Michigan companies help support Michigan Opera Theatre through their Matching Gifts Programs. We are grateful to the employees at those companies who choose Michigan Opera Theatre as the recipient of their gifts and are grateful to the companies who offer those programs.
To find out if your company will match you donation contact Amelia Gillis, Manager of Annual Fund, at 313.237.3402 or email@example.com.
The following companies offer a gift matching program:
- AON Corporation
- AXA Foundation
- Bank of America
- Bank One
- CIGNA Foundation
- Cooper Industries
- Dow Corning
- DTE Energy
- Eaton Corporation
- Exxon Mobil
- Fannie Mae
- GE (General Electric)
- Houghton Mifflin Company
- Hudson-Webber Foundation
- IBM Corporation
- Johnson & Johnson
- JPMorgan Chase Bank
- Johnson Controls
- McGregor Fund
- Merrill Lynch
- Microsoft Corporation
- May Department Stores (Macy’s/Marshall Fields)
- Nordson Corporation
- Northern Trust
- Pepsico, Inc.
- Pfizer Foundation
- The Prudential Co.
- The Skillman Foundation
- TCF Bank
- Verizon Foundation
- Volkswagen of America
- Washington Mutual
- Wells Fargo
- Xerox Corporation
70 1/2 or Older? Consider a Tax-Wise Gift from Your IRA
The Protecting Americans from Tax Hikes (PATH) Act of 2015, which was passed by Congress and signed into law by the president on December 18, 2015, made permanent what is popularly known as the IRA charitable rollover.
Charitably minded taxpayers have enthusiastically embraced the IRA charitable rollover as an opportunity to transfer up to $100,000 each year to charity without it being treated as a taxable distribution. Despite its popularity since being introduced in 2006, the IRA charitable rollover has faced extinction several times and had actually expired on December 31, 2013. Now it has been reinstituted and made permanent.
Here are the requirements and restrictions for making an IRA charitable rollover gift:
- The donor must be 70 1/2 or older.
- The gift must be made directly from the IRA to an eligible charitable organization.
- Gifts to all charities combined cannot exceed a total of $100,000 per taxpayer for the year.
- The gifts must be outright, and no material benefits can be received in return for the gifts. Thus a transfer for a gift annuity, charitable remainder trust, or pooled income fund is not permitted.
- Gifts cannot be made to a donor advised fund, supporting organization, or private foundation.
- The gift is not included in taxable income, and no charitable deduction is allowed.
- The gift can be made only from an IRA. Gifts from 401(k), 403(b), and 457 plans are not permitted.
The qualified distribution described above applies to a traditional IRA. Distributions from employer-sponsored retirement plans, including simple IRA plans and simplified employee pension (SEP) plans, are not eligible for the tax-free rollover.
This may be the right gift for you to make if:
- You want to make a charitable gift and your IRA constitutes the largest share of your available assets.
- You are required to take a minimum distribution from your IRA, but you do not need additional income.
- You do not itemize your deductions. In that case a personal IRA distribution increases your taxable income without the benefit of an offsetting deduction. An IRA charitable rollover will not be included in your taxable income even if you do not itemize other deductions.
- You live in a state where retirement-plan distributions are taxable on your state income-tax return, but your state does not allow itemized charitable deductions.
- You would like to make an additional charitable gift, but it would not be deductible because of the annual limitation of 60 percent of adjusted gross income for charitable contributions. The IRA charitable rollover is equivalent to a deduction because it is not included in taxable income.
- You have an outstanding pledge to a charity. The IRA charitable rollover can satisfy a pledge without violating rules against self-dealing.
Here are the steps to take to make a gift:
- If you want to make a qualifying transfer, contact your IRA administrator and instruct that person to transfer funds to the charity(ies) you designate.
- Contact our office. We will answer your questions and provide instructions for completing your gift.
Please contact Marcy Murchison, Major Gifts Officer, at 313.237.3416 or firstname.lastname@example.org.
Choose Michigan Opera Theatre on AmazonSmile and support us while you shop! AmazonSmile is a website operated by Amazon with the same products, prices, and shopping features as Amazon.com. The difference is that when you shop on AmazonSmile, the AmazonSmile Foundation will donate 0.5% of the purchase price of eligible products to the charitable organization of your choice.
Every item available for purchase on www.amazon.com is also available on AmazonSmile (smile.amazon.com) at the same price. You will see eligible products marked “Eligible for AmazonSmile donation” on their product detail pages.
Buy a Brick
Show your support by purchasing a permanent, personalized brick on the sidewalk outside of the Detroit Opera House! Bricks can even be purchased to commemorate a special occasion, surprise a loved one, or display your business name and logo. Buy a brick in the Detroit Opera House Plaza today and help pave the way for Detroit’s future.
Michigan Opera Theatre’s restoration of the Detroit Opera House became a historic catalyst in the revitalization of Detroit’s celebrated Theatre and Entertainment District.Here’s your chance to have a family member, business, or even your pet’s name built permanently into the walkway of Opera House Plaza. Whether you are honoring a friend or celebrating a special occasion, personalized bricks make the perfect gift.
A contribution of $100 will buy a standard 4” x 8” brick engraved with your name or personal message. A $350 contribution will buy an 8” x 8” engraved brick. On a 16″ x 16″ paver for $2,000, the message can be custom designed and include company logo/artwork and typeface design.
To buy a brick, please contact Christy Gray, Patron Services Associate, Development, at 313.237.5307 or email@example.com.