Thalian Association Community Theatre Burnett Preservation Fund was established by the Association to provide a stable, predictable source of income for sustainability, operational and program needs. The fund is named for Vivian Parlier-Burnett, Julian Burnett, and Judge Gilbert Burnett in honor of their many contributions to the Association and cultural arts in the Cape Fear region. It provides the funds that allow Thalian Association Community Theatre to continue our 231-year history of nurturing the civic, cultural and social life of Wilmington continues today with our theatrical productions on multiple stages, civic contributions and community outreach programs:
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.
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.
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.
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.
For more information or to make a donation contact Susan Habas at 910-251-1788.