Planned Giving

Planned gifts allow donors to make significant gifts to Music Theatre Wichita, while receiving tax exemptions and provisions for family members. If you are interested in making a planned gift, read on to learn about the variety of ways you can give.

Wallace Legacy Society

In 2014 Music Theatre Wichita created a named society of individuals who remember MTWichita as part of their planned giving. Named in honor of Velma Wallace—whose generous endowment bequest and kind spirit have left a lasting impact on Music Theatre Wichita—the Wallace Legacy Society is comprised of donors and friends who help ensure that Music Theatre Wichita will continue to touch thousands of lives each summer.

Planned gifts can be made by naming Music Theatre Wichita as a beneficiary in a will, living trust, retirement plan or through a variety of other methods. Unless otherwise specified, legacy society gifts will be designated to the Wayne Bryan Endowment Fund.

To discuss a planned gift, or to receive a non-binding letter of intent, please contact development manager Carter Tholl at 316.261.3812 or carter@mtwichita.org.

How to Give

A bequest is the most common form of planned giving. It allows you to make a gift to MTWichita, receive an estate tax deduction, and leave a lasting legacy for the young people Music Theatre Wichita educates.

Sample bequest language to include in your will should read: “I give, devise and bequeath to Music Theatre Wichita (EIN: 48-0785658), a nonprofit organization, the sum of $ _______ (or a particular asset, or ___% of my estate, or ___% of the rest and remainder of my estate) for its general purposes.”

Please note that unless otherwise specified by the donor, bequests are placed into the MTWichita Endowment.

If you have questions about leaving a bequest or want to inform MTWichita of a planned gift, please contact development manager Carter Tholl at 316.261.3812 or carter@mtwichita.org.

Designate MTWichita as the primary or secondary beneficiary of your 401(k), 403(b), IRA, or other tax-deferred retirement plan and avoid paying taxes on the income from these assets as well as potential estate taxes.

For those who are at least 70 1/2  years old and have a traditional IRA, a donation can be made directly from your IRA to Music Theatre Wichita. This donation can qualify as part or all of your annual minimum distribution, reducing your gross income for tax purposes. 

Speak to your tax professional about how to make contributions to MTWichita directly from a retirement account. 

By naming Music Theatre Wichita as the owner and beneficiary to a whole life insurance policy, you can provide a meaningful gift at a relatively little cost while potentially receiving both an income and estate tax deduction.

By naming Music Theatre Wichita as the owner and beneficiary to a whole life insurance policy, you can provide a meaningful gift at a relatively little cost while potentially receiving both an income and estate tax deduction.