Image Alt

Planned Gifts

/Planned Gifts

You can make an extraordinary gift to the Liberty Theatre and help ensure the magic lives on!

Whether it’s a gift of stock, IRA rollover or beneficiary designation, real estate, life insurance policy, or a bequest, there are many ways to meet your goals while leaving a meaningful legacy for future generations.

To learn more contact:
Liberty Theatre
Development Director
Rachel Schack-Holland
(458) 278-9866

“It’s the heartbeat of the town. If you really want to affect how this town feels about itself, give to the Liberty”
– Steve Forrester, Liberty Theatre donor

“The things we’re enjoying in this building now were not even thought of when the theatre was built, and what a tribute to those people who designed this theatre to keep going for all those generations. And it’s stronger today than it’s ever been.”
– Willis Van Dusen, Liberty Theatre supporter

Planned Giving to Support Now & Later

Legacy encompasses more than just the assets we pass down. It also includes the values we instill in future generations. The Liberty Theatre Astoria depends on charitable contributions to deliver exciting performances, maintain educational programs, and enhance our facilities for the benefit of future audiences and students. When planning for your financial future, retirement, or estate, you have numerous options to align with both your philanthropic values and financial objectives. We encourage you to explore these unique avenues to create a lasting impact and give the gift of a lifetime:

IRA Qualified Charitable Distributions

Transferring a donation directly from your 401K, 403B, or IRA to the Liberty Theatre (aka Liberty Restoration Inc.) through IRA “rollovers” provides tax benefits. This strategy is particularly advantageous for individuals aged 70 and above who must make annual minimum distributions. You won’t owe income or capital gains taxes on the transferred amount to the Liberty Theatre (aka Liberty Restoration Inc.), with a yearly limit of $100,000.


A planned gift that is facilitated through a donor’s living will, living trust, or designation as a beneficiary in retirement plans or insurance policies, is the most prevalent and straightforward form of a planned gift. These gifts can either be unrestricted or earmarked for a specific purpose and may consist of cash, stocks, or property (subject to certain conditions). Setting up a bequest can be arranged with the assistance of your financial advisor or estate attorney.

Sample of Bequest Language:
“I give, devise, and bequeath: [description of assets being given] to Liberty Restoration Inc., IRS tax ID #87-045722, an Oregon nonprofit corporation is a 501(C)(3) charitable organization.”

Life Insurance

Your insurance agent can assist you in naming the Liberty Theatre (aka Liberty Restoration Inc.) as a beneficiary on a life insurance policy. You can make annual contributions to the Liberty Theatre (aka Liberty Restoration Inc.) by paying the
insurance premium, and this gift will not diminish other investments or assets earmarked for loved ones.


Legacy donors of the Liberty Theatre have the opportunity to create endowments or
trusts that provide ongoing or final contributions to the Liberty Theatre (also known as Liberty Restoration Inc.).
The Liberty Theatre Astoria Endowment fund was established through contributions from significant donors who wished to ensure their support persisted beyond their lifetime. In collaboration with the Oregon Community Foundation and Thrivent, the Liberty Theatre facilitates donor education on the benefits of endowment gifts so that you may support the Liberty Theatre (aka Liberty Restoration Inc.) in perpetuity by building on our endowment fund, or establish your own endowment for a designated purpose.

Examples include:
• Building maintenance (help to maintain our 100-year-old historic building)
• Programming (Liberty Theatre shows and performances)
• Education (Kids Make Theatre, children’s theatre program and future programs)
• Equipment (lighting, stage improvements, etc.)

To learn more about endowment gifts contact:
Rachel Schack-Holland
Liberty Theatre – Development Director
(458) 278-9866

Charitable Gift Annuities

A Charitable Gift Annuity (CGA) is a philanthropic option where you provide support to the Liberty Theatre (also known as Liberty Restoration Inc.) while securing income for life or a specified period. Assets are converted into a trust or annuity, generating income streams. This approach offers potential income and estate tax advantages, along with the deferral of capital gains from the sale of appreciated assets. Setting up these irrevocable agreements with your financial advisor or estate attorney is a straightforward process.

Charitable Remainder Trust

A Charitable Remainder Trust (CRT) offers an alternative method of giving through life income, granting you the ability to secure an annual income for yourself, whether for your lifetime or a set period of up to 20 years. You have the flexibility to outline the terms and conditions of fulfillment, including specifying the portion of the estate to be passed on to a loved one (after covering expenses). Any assets remaining in the trust upon fulfillment of its terms will be designated as a gift to the Liberty Theatre (also known as Liberty Restoration Inc.). Additionally, you retain the option to contribute additional funds to the trust at your discretion.

Example of charitable remainder trust language for trust documents:

“I give the rest, residue and remainder (or ___% of the rest, residue, and remainder) of
my estate to the Liberty Theatre (aka Liberty Restoration Inc.) in Astoria, Oregon for its
Endowment Fund. The net appreciation therefrom, as defined by the (name of the
steward of the endowment ex: Oregon Community Foundation, Thrivent, etc.), is to be
expended as determined by the Liberty Theatre Astoria’s Board of Directors.”

Real Estate

Consider contributing real estate, such as your primary residence, vacation home, farm, commercial property, or undeveloped land. Donating appreciated property held for over a year to Liberty Theatre (also known as Liberty Restoration Inc.) can qualify you for a federal income tax charitable deduction and potentially reduce or eliminate capital gains

You have several options for making the donation: you can transfer the property directly to Liberty Restoration Inc., or you can instruct your attorney to include specific provisions in your will or trust agreement naming Liberty Theatre as a beneficiary.

Additionally, you can choose to make an outright property donation or a gift with a retained life estate, allowing you to continue living in the property for as long as you wish, thus avoiding property or estate tax obligations. If you’re considering donating real estate, our partners at the Oregon Community Foundation or Thrivent can provide assistance, although it’s advisable to seek guidance from an estate attorney. Please note that the acceptance of donated real estate is contingent upon approval from Liberty Theatre’s Board.

Skip to content