Michael Leibert Society: planned giving & endowments

Michael Leibert Society

Overview

Planned giving is a way to make a future gift through your financial and estate plans. Your gift may provide tax benefits for you or your loved ones, and it will ensure that the enjoyment and enrichment you’ve experienced at Berkeley Rep is available to your children and community for generations to come.

Through your future gift, you can continue to support Berkeley Rep’s adventurous artistic work and exceptional arts education and outreach programs. Unless you specify otherwise, your gift will become a part of Berkeley Rep’s endowment, where it will continue to provide income to the Theatre, year after year. And when you decide to include Berkeley Rep in your plans, we’d like to welcome you into Berkeley Rep’s honorary society, the Michael Leibert Society.

Choosing the right planned gift depends on your personal circumstances and goals. From simple bequests to gifts of retirement plan assets, real property, appreciated securities, and a range of life income gifts, we can help. Please contact us to learn how you can make artistic excellence part of your legacy.

Contact us

For more information about planned giving, to discuss your options, or to inform Berkeley Rep about your intentions, please contact:

Daria Hepps
Associate Director of Development
Berkeley Repertory Theatre
999 Harrison St
Berkeley, CA 94710
dhepps@berkeleyrep.org
Tel: 510 647–2904
Fax: 510 647–2910

You may wish to print and mail or fax our Letter of Intent.

Bequests

Bequests

Making a gift through your will or trust is the most popular form of planned gift and can be an easy, tax-efficient way to plan your giving. A bequest to Berkeley Rep can be made for a specific amount, for a percentage of your estate, or even for a portion of what remains of your estate once your bequests to family and friends have been fulfilled. Your gift costs you nothing now, and you’ll have the satisfaction of knowing that your support for Berkeley Rep will live on in the future.

By leaving money or other assets to Berkeley Rep in your will or trust, you can reduce your possible estate tax, so the cost to your family members can be significantly less than the face value of the bequest. And you can rest assured that you can change your bequest at any time—if your circumstances change, or for any other reason.

To make a gift to Berkeley Rep from your estate, you must sign a new will or living trust instrument, add a codicil to your current will, or make an amendment to your current trust. We encourage you to discuss your plans with us in order to ensure that your charitable goals will be met, and we strongly recommend that you consult an attorney to prepare your will or trust document and supervise its execution.

Request an estate planning kit

Choosing how your gift will be used

You have several options to consider when making a bequest gift. Here are some possibilities.

Open all · Close all

Unrestricted bequests

The use of your gift is left to Berkeley Rep’s discretion. These are the most valuable kinds of bequests, as they help maximize Berkeley Rep’s ability to respond flexibly and creatively to the Theatre’s future needs.

Restricted bequests

Support ongoing specific needs such as Artistic Initiatives, Youth Programs, Capital Improvements, or Staff Development and Retention. Please be sure to speak with a member of Berkeley Rep’s Development staff to ensure that Berkeley Rep can honor the specific intentions you are expressing through your bequest.

Creating a named fund

It is possible to create a separate fund named for yourself or in the name of someone you wish to honor. Named funds remain visible at Berkeley Rep because of the people and activities they support, and their visibility helps to encourage others to give. Please contact us to discuss.

Endowment funds

Enrich one of Berkeley Rep’s existing Endowment Funds with your gift.

 

Contact us

For more information about planned giving, to discuss your options, or to inform Berkeley Rep about your intentions, please contact:

Daria Hepps
Associate Director of Development
Berkeley Repertory Theatre
999 Harrison St
Berkeley, CA 94710
dhepps@berkeleyrep.org
Tel: 510 647–2904
Fax: 510 647–2910

You may wish to print and mail or fax our Letter of Intent.

Charitable remainder unitrusts

Charitable remainder unitrusts

A charitable remainder unitrust allows you to make a gift to Berkeley Rep while providing yourself or others with income before Berkeley Rep is permitted to use your gift. To create this trust, you irrevocably transfer securities, money, or other properties to a trustee, such as a bank or other fiduciary, which manages the assets and pays a fixed percentage of the asset value to you, your designated beneficiaries, or both. These income payments are distributed annually or more frequently and can continue for the beneficiary’s life or for a term of up to 20 years. After that period, the remaining assets go to Berkeley Rep to support the Theatre according to your instructions.

In addition to helping you to support artistic excellence at Berkeley Rep, your charitable remainder trust relieves you of the burden of having to manage your assets yourself, and it may provide you with a larger income than those assets are currently earning. In addition, tax benefits may include an immediate charitable deduction, avoidance of capital gains tax upon the sale of any appreciated assets, and an eventual estate tax savings.

Choosing how your gift will be used

You have several options to consider when making a gift from a charitable remainder trust. Here are some possibilities.

Open all · Close all

Unrestricted bequests

The use of your gift is left to Berkeley Rep’s discretion. These are the most valuable kinds of bequests, as they help maximize Berkeley Rep’s ability to respond flexibly and creatively to the Theatre’s future needs.

Restricted bequests

Support ongoing specific needs such as Artistic Initiatives, Youth Programs, Capital Improvements, or Staff Development and Retention. Please be sure to speak with a member of Berkeley Rep’s Development staff to ensure that Berkeley Rep can honor the specific intentions you are expressing through your bequest.

Creating a named fund

It is possible to create a separate fund named for yourself or in the name of someone you wish to honor. Named funds remain visible at Berkeley Rep because of the people and activities they support, and their visibility helps to encourage others to give. Please contact us to discuss.

Endowment funds

Enrich one of Berkeley Rep’s existing Endowment Funds with your gift.

 

Contact us

For more information about planned giving, to discuss your options, or to inform Berkeley Rep about your intentions, please contact:

Daria Hepps
Associate Director of Development
Berkeley Repertory Theatre
999 Harrison St
Berkeley, CA 94710
dhepps@berkeleyrep.org
Tel: 510 647–2904
Fax: 510 647–2910

You may wish to print and mail or fax our Letter of Intent.

Non-cash gifts

Non-cash gifts

Berkeley Rep welcomes a variety of noncash gifts, including gifts from retirement plans and life insurance policies, as will as gifts of publicly traded securities (stock), real estate, and gifts of personal property.

Open all · Close all

Retirement plan gifts

Designating all or part of what remains of your retirement plan after your death can be a very tax-efficient way to make a gift to Berkeley Rep. As IRAs are usually funded with untaxed dollars, they are subject to income tax as well as estate tax. This double tax may leave heirs with as little as 30% of the plan’s value. Berkeley Rep would receive all of it tax free. To make a gift from your IRA, simply request a form from your plan administrator and name Berkeley Rep as a beneficiary.

Life insurance gifts

Beneficiaries may pay estate tax on insurance distributions. Qualified non-profit organizations never do. You can reduce your estate’s tax liability by designating all or part of the proceeds of your life insurance policy to Berkeley Rep. To make a life insurance gift, simply request a form from your insurance company and name Berkeley Rep as a beneficiary.

Gifts of publicly traded securities (stock)

Publicly traded securities (stock), can be used to make any kind of charitable gift: for outright gifts in your lifetime, charitable remainder trusts, or bequests. Stock gifts can be a very tax-efficient form of giving, as you may be able to defer or reduce capital gains taxes on appreciated stock, and you may receive a charitable deduction from income or estate taxes for the full fair market value of those securities.

If you are making a deferred stock gift, please notify us that you intend to make the gift, including the corporate name/ticker symbol of the stock and the number of shares you intend to donate so that we may accurately acknowledge your gift.

Real estate gifts

For many people, their greatest asset is their home. That’s why gifts of real estate are often extremely significant contributions. Real estate can be used to create some life income gifts, or it can be given outright during your lifetime or as a bequest. You can even make a gift of your home to Berkeley Rep and retain the right to live there for the rest of your life while you receive a current income-tax charitable deduction for a portion of your home’s value.

Each piece of property will require review to determine its suitability as a charitable gift. If you are considering making a gift of real estate to Berkeley Rep, please contact the Development Office so we can discuss your options with you.

Please note: For real and personal property worth more than $5,000, you will need to obtain an independent appraisal from a qualified appraiser in order to substantiate the value of the gift for tax purposes.

Gifts of personal property

Berkeley Rep welcomes gifts of personal property that may be used in the mission of the Theatre. Please contact the Development Office so we can help to determine whether or not Berkeley Rep can make use of an offered gift.

Berkeley Rep gladly accepts vehicle donations. Your car, motorcycle, truck, boat, RV, or other vehicle can help bring world-class theatre to our community and provide vital arts education programs for local youth. Vehicle donation is a hassle free and easy way to give, and your contribution is tax-deductible to the extent of the law. For more information about vehicle donations or to schedule a pick-up today, please call 510 647–2902 or email bbaker@berkeleyrep.org.

Please note: For real and personal property worth more than $5,000, you will need to obtain an independent appraisal from a qualified appraiser in order to substantiate the value of the gift for tax purposes.

 

Contact us

For more information about planned giving, to discuss your options, or to inform Berkeley Rep about your intentions, please contact:

Daria Hepps
Associate Director of Development
Berkeley Repertory Theatre
999 Harrison St
Berkeley, CA 94710
dhepps@berkeleyrep.org
Tel: 510 647–2904
Fax: 510 647–2910

You may wish to print and mail or fax our Letter of Intent.

Michael Leibert Society

Michael Leibert Society

The storefront theatre founded in 1968 by U.C. Berkeley grad student Michael Leibert has grown into a local institution with a national reputation for bold programming, adventurous choices, and artistic excellence. Its exceptional arts education and outreach programs are a model for other theatres and communities and are enriching the lives of young people and inspiring future generations of theatre artists and leaders.

Members of the Michael Leibert Society are dedicated supporters who have included Berkeley Repertory Theatre in their estate plans. Society members share a vision to make great theatre their legacy. Their gifts will live on forever as part of Berkeley Rep’s endowment, and as an expression of their deepest values.

If you have made a gift from your estate, please contact us, so that we may acknowledge your generous philanthropy. All Michael Leibert Society members are invited to be our guests at our annual Michael Leibert Society celebration. With your permission, we will list you as a member of the Society to encourage others to follow in your footsteps.

View the picture gallery to see who’s a member of the Michael Leibert Society, and why.

Contact us

For more information about planned giving, to discuss your options, or to inform Berkeley Rep about your intentions, please contact:

Daria Hepps
Associate Director of Development
Berkeley Repertory Theatre
999 Harrison St
Berkeley, CA 94710
dhepps@berkeleyrep.org
Tel: 510 647–2904
Fax: 510 647–2910

You may wish to print and mail or fax our Letter of Intent.

Endowments

Endowments

Retaining the core values upon which this company was founded requires the long-term commitment of our supporters. The following is a list of endowment funds established to benefit various programs and artistic initiatives at Berkeley Repertory Theatre. We are grateful for the generous support these individuals and institutions have provided in ensuring the long-term vitality of our artistic programming and helping to build the next generation of theatre talent and audiences.

Open all · Close all

The Dale Elliot Fund

Dale ElliotCreated in memory of Dale Elliot, a past Berkeley Rep Stage actor, the fund supports artistic initiatives.

Pictured: Dale Elliot

Bret C. Harte Director (Artistic Administration) Fellowship Fund

Bret C. HarteCreated in memory of Bret C. Harte, a passionate young theatre director and Berkeley Rep employee, the fund supports the artistic administration / directing / producing fellowship. Adam L. Sussman was named the Director Fellow for the 2014–15 season, and is mentored by Michael Leibert Artistic Director Tony Taccone and Managing Director Susan Medak.

Pictured: Bret C. Harte

The Mosse Foundation Artistic Development Fund

Roger StrauchThis endowment fund was created with a grant from the Mosse Foundation for the Arts and Education and supports artistic risk-taking and new play development. In the 2014–15 season, the fund provides support for the world premiere of KJ Sanchez’s X’s and O’s (A Football Love Story), commissioned by Berkeley Rep through The Ground Floor.

Pictured: Berkeley Rep Trustee and Mosse Foundation for the Arts and Education President, Roger Strauch

The Peter F. Sloss Dramaturgy & Literary Fellowship Fund

Peter F. SlossEstablished in memory of Peter Sloss, who served as a Berkeley Rep trustee from 1991 to 1997 and was a fervent champion in the development of new plays, the fund supports the dramaturgy and literary fellowship. Lexi Diamond was named the Dramaturgy / Literary Fellow for the 2014–15 season. Under the mentorship of Resident Dramaturg Madeleine Oldham, Lexi is schooled in the intensive reading and critiquing of play submissions and in providing dramaturgical support through writing and research for the shows’ playbills.

Pictured: Peter F. Sloss

The Harry Weininger Sound Fellowship Fund

Harry WeiningerEstablished in memory of Harry Weininger, a longtime Berkeley Rep subscriber and supporter and an avid sound aficionado, the fund supports the sound fellowship. Annemarie Scerra was named the Sound Fellow for the 2014–15 season. Under the mentorship of Sound Supervisor James Ballen, Annemarie is schooled in sound engineering and design, gaining real-world experience while working on Berkeley Rep’s productions for the season.

Pictured: Harry Weininger

To learn more about these funds or make a donation towards these funds, please contact Lynn Eve Komaromi at 510 647–2903 or lynneve@berkeleyrep.org.