The Ovation Circle
“It was time to think about The Huntington’s future as we thought about our own. Our participation is not only a legacy we leave for The Huntington, it’s a legacy we leave our family as well. We want them to think about the mark they will leave on society and culture.”
SHARON AND BRAD MALT – Founding Members of The Ovation Circle
The Ovation Circle recognizes those who play a lasting role in securing The Huntington’s strong, successful future beyond their lifetime by making a bequest or other planned gift. Members enjoy benefits and recognition now for their future gift, including invitations to Ovation Circle events, private backstage tours upon request, and acknowledgement in Huntington program books.
By making a bequest to The Huntington in your will or trust, or by designating The Huntington as a beneficiary of your retirement account or insurance policy, you can ensure that The Huntington will continue to produce great theatre and make a lasting impact through our award-winning youth, education, and community initiatives. The Huntington welcomes estate gifts of any size, and there may be tax advantages associated with your gift.
One of the simplest ways to remember The Huntington in your estate plans is through your will or trust. You can designate a specific asset, amount of money, or percentage to The Huntington using language such as:
“I give and bequeath to The Huntington Theatre Company, Inc., 264 Huntington Avenue, Boston, Massachusetts, the sum of $________(or a description of the specific asset), or ____% of the residue of my estate (or trust) after debts and expenses for the benefit of The Huntington and its general purposes.”
Designating all or part of what remains of your retirement plan after your death can be a tax-efficient way to make a gift to The Huntington. Since IRAs and 401(k) plans are usually funded with untaxed dollars, they are subject to income tax as well as estate tax. As a nonprofit organization, The Huntington would receive your gift tax-free.
Making a gift from your IRA or 401(k) can be as simple as logging into your plan’s website and designating The Huntington as a beneficiary in the Beneficiary Designation area. You can also request a form from your plan administrator and name The Huntington as a beneficiary.
If you own a whole life insurance policy that you no longer need, you can make The Huntington owner of the policy. By doing so, you will normally receive an income tax deduction for the policy’s fair market value or cost basis. If you name The Huntington beneficiary of the policy and retain ownership, you will receive an estate tax deduction for the insurance proceeds.
You will need The Huntington’s correct legal designation to finalize your planned gift:
Huntington Theatre Company, Inc.
264 Huntington Avenue
Boston, MA 02115
Tax exempt under IRC Section 501c(3) and a public charity for federal tax purposes.
You may wish to print and mail our Ovation Circle Form.
For more information about The Ovation Circle please contact:
Major Gifts Officer
560 Harrison Ave
Boston, MA 02118-2436
The information on this website is not intended as legal or financial advice. The Huntington strongly encourages you to discuss any planned giving option with your attorney and/or financial advisor to confirm that it meets your financial and philanthropic objectives.