The Hartwig Society: Securing the future of Ogunquit Playhouse

With proper planning, you can provide for the future financial security of your loved ones first. Then you can designate Ogunquit Playhouse to receive:

• The remainder. A residual gift leaves funds remaining to Ogunquit Playhouse after distributions to loved ones have been fulfilled.
• A fixed amount. Give a specific dollar amount.
• A percentage. Direct a percentage of your estate to the Playhouse. This allows the gift to remain in proportion to the size of your estate.
• Specific property. Give property other than cash to Ogunquit Playhouse.

Naming Ogunquit Playhouse as the beneficiary for a life insurance policy or any amount remaining in a retirement account, is a common, accessible way to include the Playhouse in your estate plan without affecting your family’s assets.

In many states, it is possible to specify that whatever remains in bank accounts becomes a charitable gift that will pass free of estate tax and outside the probate process. This can be accomplished by filling out a simple change of beneficiary form.

A gift of real estate can be an excellent way to make a meaningful gift to Ogunquit Playhouse. In Maine, if you have owned a property for at least one year, your deduction is equal to the property’s full fair market value. Properties such as houses, farms, vacation homes, office buildings, undeveloped land and rental property are incredibly meaningful.

When considering what assets to use to make a gift to Ogunquit Playhouse, stocks, bonds, mutual funds and other securities can be attractive options and offer special tax benefits. Congress has provided that you can deduct the full value of such gifts, including any amount that would be owed in capital gains tax if sold.

Whether you want to supplement your retirement, assist your children or grandchildren with educational expenses or provide support to an elderly parent or other loved one, a life income gift may be an excellent solution. With an Ogunquit Playhouse income gift plan, you can:

Increase your income through fixed or variable payments.

Provide income to loved ones for life or for a specific period of time.

Enjoy tax savings when you make your gift.

Make a gift to Ogunquit Playhouse that might not otherwise be possible.

A tribute in memory of someone special to you is a meaningful way to show you care and support Ogunquit Playhouse at the same time.

When making a tribute gift to OP, please include the following information:

• Your name, address, phone number
• Name of person ‘in memory of’
• Name and address of person to be notified of your gift.

We are deeply grateful to those individuals who choose to direct donations to Ogunquit Playhouse upon their own passing or to honor the life of a loved one. If you would like to direct family and friends to make a gift to OP, please notify us so we can recognize and thank those who give.

Here is suggested wording for the obituary or announcement:

In lieu of flowers, charitable gifts may be made to Ogunquit Playhouse in any of the above ways. Contact Edanielsstrater@ogunquitplayhouse.org