The Historic Croswell Opera House | 129 East Maumee Street Adrian, MI 49221 | Box Office (517) 264-SHOW (7469) | Business Office (517) 263-6868
Buy Tickets | Shows & Happenings | Plan Your Visit | About the Croswell | Get Involved | Donations and Support
Guide to Making a Gift to the Croswell
OUTRIGHT GIFTS
CASH GIFTS
Most needed at the Croswell are donations that can be immediately put to use. Gifts of cash can
be made in person at the Croswell Box Office located at 129 E. Maumee Street in Adrian, Michigan.
You can stop in to drop off cash, a check, or a credit card payment Monday – Friday from 9am – 5pm.
If you prefer to mail your gift, please make checks payable to The Croswell, noting Membership on
the memo.
You may also make a monthly gift to the Croswell from your checking account an
Electronic Funds Transfer. Please contact the Croswell Business Office
at 517-263-6868 or e-mail: financial@croswell.org
Please call the Croswell at 517-263-6868 with any questions about immediate needs, or gifts of cash.
SECURITIES
Advantages of Gifts of Securities
· You get an income tax deduction based on the value of the securities at the time you make the gift.
· You avoid capital gains tax on the appreciated value of the securities.
· The Croswell can immediately use the proceeds for the purpose you specify or for general support of
essential initiatives.
· It's easy! Contact Jere Righter at the Croswell for more information about making a gift of securities.
Valuation
The value of your gift will be the average of the high and the low trading prices on the official date of your gift.
The value of your gift will be the average of the high and the low trading prices on the official date of your gift.
The date of gift is the day the Croswell assumes ownership of the security.
Who to Contact
We would be happy to discuss or facilitate your securities gift. For information or to make the gift, you or your
We would be happy to discuss or facilitate your securities gift. For information or to make the gift, you or your
broker may call Jere Righter at 517-263-6868 or via email at jrighter@croswell.org.
In Kind
Gifts in kind are non-monetary items of tangible personal property or other physical assets that represent
value to the Croswell. Examples might include costume or furniture pieces, artwork, and equipment.
If you believe you have a potential gift in kind, please call John MacNaughton at 517-263-6868
Monday through Friday, 9am – 5pm.
Planned Gifts to the Croswell
Whether it's a provision in your will or a gift that provides you with lifetime income, there
are many options for supporting the Croswell. We invite you to learn more and hope you will
contact us if we may be of further assistance.
·Turn assets into income and enjoy a tax deduction with a charitable gift annuity.
·Include the Croswell as a beneficiary of your retirement fund
·Name the Croswell as an heir as part of your well-planned estate
Whether it's a provision in your will or a gift that provides you with lifetime income, there
are many options for supporting the Croswell. We invite you to learn more and hope you will
contact us if we may be of further assistance.
·Turn assets into income and enjoy a tax deduction with a charitable gift annuity.
·Include the Croswell as a beneficiary of your retirement fund
·Name the Croswell as an heir as part of your well-planned estate
Charitable IRA Rollover
President Obama has extended this popular program, so taxpayers over the age of 70½ can support
great causes like the Croswell by making a donation free from tax complications, through their Individual
Retirement Accounts (IRA).
great causes like the Croswell by making a donation free from tax complications, through their Individual
Retirement Accounts (IRA).
Another great benefit of using this method for making gift now, while you are living, is you will be able
to witness the benefits of your generosity. This unique opportunity is set to expires at the end of 2011.
You may contribute funds this way if:
· You are age 70½ or older at the time of the gift.
· The gifts total any amount up to $100,000 in 2011.
· You transfer funds directly from an IRA.
· You transfer the gifts outright to one or more qualified charities, but not to supporting organizations,
or for gift annuities, charitable trusts or donor advised funds.
An Example of putting this law to use:
Jean, aged 80, has $450,000 in an IRA and would like to give the Croswell $50,000 this year. If Jean
transfers $50,000 to us directly from the IRA, she will avoid paying income tax on that amount. She cannot,
however, claim a charitable deduction. Jean has found an easy way to benefit the Croswell without tax
complications. If Jean’s spouse has an IRA and is 70½ or older, he can also give up to $100,000 tax-free
to a charity of his choice.
How to Make a Gift
Contact your IRA custodian soon to transfer your desired gift amount to the Croswell Opera House
For More Information
It is wise to consult tax professionals if you are contemplating gifts under the extended law. Please feel
free to contact Jere Righter at the Croswell at 517-263-6868 or jrighter@crowell.org for more information,
or with any questions.