Thalian Association Community Theatre Operating Endowment
Thalian Association Community Theatre Operating Endowment was established by the Association to provide a stable, predictable source of income for sustainability, operational and program needs. The fund is held with the New Hanover County Community Foundation, an affiliate of NCCF, a statewide nonprofit that administers endowments for donors, scholarship fund-holders and nonprofits throughout North Carolina. It provides the funds that allow Thalian Association Community Theatre to do all that it does, including the children’s youth theatre program, five annual major productions at Thalian Hall, the children’s academy, and much more.
The New Hanover County Community Foundation has made nearly $63 million in grants since it began in 1988. It provides donors with flexible, cost-effective and permanent vehicles for carrying out their charitable goals. NCCF partners with 60 affiliates across the state and focuses primarily on establishing and building endowments for nonprofit organizations serving North Carolina’s people and communities.
Ways to Contribute through NCCF
You can ensure the continuation of our mission in many ways: your gift or pledge to the fund; your gifts in memory or in honor of friends and family; or your thoughtfully planned bequest. All contributions support our goal to build a strong endowment for the future. All gifts are tax-deductible to the fullest extent allowed by law. Some types of gifts for you to consider include:
The simplest and most convenient way of participating in the fund is through cash gifts, which may take the form of pledges over a period of years. All such gifts qualify for maximum income tax deductions.
Securities or Real Estate
Gifts of appreciated securities and real property may provide important tax advantages to donors who have held assets for a long period of time. The full fair market value of such gifts may be deductible as a charitable contribution. In the case of restricted or closely held stock, real estate or other unusual assets, the proposed gift may require an appraisal, a review by the North Carolina Community Foundation counsel and approval of the NCCF board of directors.
Wills or Bequests
There are many ways to remember Thalian Association Community Theatre in a will. After providing for heirs, a donor can specify that some or all of the remaining assets be given to the Thalian Association Community Theatre Operating Endowment, thereby achieving a lasting purpose and reducing the taxable portion of an estate.
Thalian Association Community Theatre may be named as the owner and beneficiary of a previously existing or new life insurance policy. The donor receives an immediate tax deduction, which is generally equal to the policy’s cash surrender value. All premium payments made by the donor thereafter are also tax-deductible.
Charitable Remainder Trust
A donor may wish to make a contribution to charity but need all of his or her income for current expenses. The donor can leave property to Thalian Association Community Theatre Operating Endowment at death or give the assets now, subject to a retained income interest.
Information and further explanations of ways to give and types of gifts is available at nccommunityfoundation.org, or through contact with Regional Associate, Angie Brewer at firstname.lastname@example.org or 910-202-6729.
Community Arts Center Director
Wilmington, NC 28402
Red Barn Studio Theatre
1122 S. 3rd Street
Wilmington, NC 28402