TYPES OF LEGACY GIFTS
As you consider leaving legacy gifts to Asolo Rep, discover different ways you may allocate assets to a cause close to your heart.
Legacy & Planned Giving at Asolo Rep
Leave a lasting impact on the causes you care about. Legacy and planned giving at Asolo Repertory Theatre provides critical funding for performances and programming. Discover how legacy gifts unlock benefits and give yourself peace of mind.
What is Legacy & Planned Giving?
Legacy and planned giving is a way to safeguard the arts. Each gift keeps Asolo Rep’s spotlight shining in Sarasota for years to come. Legacy gifts may be planned ahead of time or established in memory of a loved one after their passing.
Lifelong Visions Realized
Legacy and planned giving empower you to pick a passion, whether that be spectacular performances, immersive education programs or community engagement efforts. You may outline allocations via will and estate documentation — and Asolo Rep will ensure your vision is realized.
Legacy Donors – Crystal Society
Donors who, throughout their lifetimes, have contributed $1 million or more join the prestigious Crystal Society.
-
Bequests
One of the most common methods of planned giving is a bequest. This type of legacy and planned giving designates a specific amount of your estate to Asolo Rep via a will or living trust.
-
Charitable Remainder Trusts
CRTs allow you to transfer assets into a trust, receive an income stream for a specified period and then direct the remaining assets to Asolo Rep.
-
Charitable Lead Trusts
CLTs allow you to allocate an income stream to Asolo Rep for a specific term, after which the remaining assets transfer to your beneficiaries.
-
Life Insurance Policies
You may name Asolo Rep as a beneficiary of your life insurance policy, allowing you to make significant legacy gifts to the theatre without affecting your present finances.
-
Retirement Plan Assets
You may name Asolo Rep as a beneficiary of your retirement accounts — reducing potential estate taxes while supporting the magic of theatre.
Spotlight: The Muriel O’Neil Fund
The Muriel O’Neil Fund for the Performing Arts was created by Dr. Gertrude Hight in memory of her sister, Muriel O’Neil. The $3.1 million charitable fund, facilitated by the Community Foundation of Sarasota County, has provided critical funding for many local arts institutions — for that, Asolo Rep is forever grateful.
Impact on Asolo Rep
- Enabled the purchase and installation of a state-of-the-art sound system in Mertz Theatre.
- Facilitated construction and capital improvements for the Robert and Beverly Koski Production Center Campus.
- Established an endowed fund to support the FSU/Asolo Conservatory for Actor Training Student Fellowship.
- Established funding for Asolo Repertory Theatre’s Education & Engagement Director position in honor of Muriel O’Neil for a period of five years.
