You might be able to double or triple your dollars if you are eligible to receive a matching gift from your employer. Please contact your Human Resource department for more information.

The EITC or Educational Improvement Tax Credit will allow you to redirect funds that you would normally pay to the state and contribute them to our student-centered shows within our Family Series, Educational Series, The Nutcracker and Student Summer Stock programs.

Does your company pay any of the following PA taxes?

  • Corporate net income tax
  • Capital stock franchise tax
  • Bank & Trust company shares tax
  • Title insurance company shares tax
  • Insurance premium tax
  • Mutual thrift institutions

If so, you may qualify to apply for the PA tax credit at the Pennsylvania Department of Community & Economic Development.

What is Planned Giving? It is a personal decision to make a present day commitment to a future contribution. You can designate a portion of your estate as a donation to the Penn College Community Arts Center, enabling a powerful philanthropic legacy on the future of the arts in our community.

Ways to Leave Your Legacy…

The primary planned giving options include:

Bequests

You can make a charitable gift through your estate, such as a will or living trust. Bequests are a popular way to make a commitment and can be used to establish memorials in honor of the donor or family members.

Annuity

You can transfer cash or property to establish a Charitable Gift Annuity with the Penn College Community Arts Center in exchange for a partial tax deduction and enjoy a lifetime stream of fixed income.

Trust

You can make a significant gift of cash or property through a trust that helps maintain or increase income, while benefiting the Penn College Community Arts Center.

  • Charitable Remainder Trust: You can irrevocably transfer cash, securities, or other property to a trust, and receive an income tax deduction and pay no capital gains tax. During its term, the trust pays a percentage of its value each year to you or to anyone you name. When the trust ends, its remaining principal passes to the Penn College Community Arts Center.
  • Charitable Lead Trust: This option is the inverse of a charitable remainder trust. Through this trust, you can provide financial support to the Penn College Community Arts Center over a specified period of time, with remaining assets going to family members or other beneficiaries when the trust ends.

Life Insurance

Gifts of life insurance provide a method of making a substantial gift and providing a lasting legacy. This can be done in one of two ways:

  1. By assigning/transferring ownership of the policy to the Penn College Community Arts Center
  2. By naming the Penn College Community Arts Center as the beneficiary

IRA Charitable Rollover

You can satisfy your required minimum distribution (RMD) and make an immediate gift to the Penn College Community Arts Center. Those 70 ½ and older may make tax-free gifts up to $100,000 annually directly from their IRA. Naming the Penn College Community Arts Center as a beneficiary of an IRA, profit sharing or other qualified retirement plan may eliminate both income and estate taxes.

Tangible Personal Property

You can make a gift of real estate, furniture, equipment, fixtures, automobiles, books, gems, precious metals, artwork, stamps, coins, and much more.

Naming Rights

This offers a great opportunity for a family or organization to name a location in the CAC for a defined period of time.