Planned Giving

Help ensure Round House Theatre’s future excellence by including the Theatre in your estate plans. You can have a long-term impact on our community by giving through a bequest in your will, IRA, retirement plan, trust, insurance policy or other planned giving arrangements.

Bequests

Including a gift to Round House Theatre in your will – also known as a Charitable Bequest – offers a number of benefits to you and your family:
Just a few sentences in your will or trust are all that is needed. The official bequest language for Round House Theatre is: “I, [name], of [city, state, zip], give and bequeath to Round House Theatre, tax identification number 52-1289737, located in Bethesda, MD $_______ (or state a percentage of your estate, or describe real or personal property, including exact location) for its unrestricted use and purpose.”

Beneficiary Designations

IRA and Retirement Plan Beneficiaries
Most retirement plans, including 401(k)s and IRAs, are income tax–deferred, meaning that income tax is not paid until the funds are distributed to you in life, or upon your death. Because they are subject to income taxes to your beneficiaries, retirement assets make ideal gifts to tax-exempt charitable organizations such as Round House Theatre. Otherwise, the income taxes on retirement assets you leave to your loved ones can be as high as 35 percent. This means that an IRA worth $100,000 will be worth only $65,000 by the time it reaches them. On the other hand, the naming of a charity as the beneficiary of retirement assets upon death generates no income taxes. The charity is tax-exempt and eligible to receive the full amount and bypass any income taxes. This means that in the above example, Round House would receive the full $100,000 benefit.

Life Insurance Policy Beneficiaries
Life insurance is a popular method of providing much-needed funds to a beneficiary at your death. It is also a low-cost way to provide a large benefit for someone in need. Life insurance proceeds are almost always income tax–free to the beneficiary. The beneficiary designation in your life insurance policy determines where the proceeds will be distributed. The death proceeds, therefore, are not typically transferred through your will. Life insurance can be distributed to a charitable organization such as Round House Theatre if we are named as a beneficiary of the policy.

Insurance Annuity Beneficiaries
Insurance annuities, unlike life insurance, carry an income tax burden. Your named beneficiary is responsible for paying the income tax due on the growth of the annuity while you owned it. The tax burden makes these assets a popular choice to leave to a charitable organization like Round House Theatre because we, as the recipient, can eliminate the tax bill.