Gifts in Memory of Another

Making a tribute gift to the Vergennes Opera House is a thoughtful way to honor the memory of a loved one or important friend. Such a gift stands as a testament that will endure the passage of time. Tribute gifts have a direct impact on our capacity to sustain our programming and maintain this historic landmark facility.

Tribute gifts will be recognized on the Donor Wall in the lobby of the Opera House and in our Annual Report, presenting both the name of the donor and that of the individual being remembered.

Gifts of Stock

Making a gift of long-term appreciated securities or mutual funds to Friends of Vergennes Opera House may be desirable for some. In addition, the gift allows a donor who itemizes deductions to take a tax deduction equal to the fair market value of the securities. It is important to NOT sell the securities and then gift the proceeds, but transfer the securities to the Friends of Vergennes Opera House. There are frequently considerable tax advantages when donating appreciated stocks, other assets, etc. Consulting your tax advisor is always a good idea.

The Friends of Vergennes Opera House, is a recognized IRS 501(c) (3) organization, Federal ID# 03-0341456.

The Vergennes Opera House works with investment firm Edward Jones in receiving gifts of stock. Aaron Robertson can be reached at 802-877-6559, aaron.robertson@edwardjones.com

Giving All or Part of an Individual Retirement Account (IRA)

Generally, a withdrawal from an IRA is taxable. But if all or part of an IRA is paid directly from the IRA to Friends of Vergennes Opera House, no tax liability is incurred. Also, if a donor is at the age where Required Minimum Distributions are in effect, a rollover to the Vergennes Opera House can satisfy all or part the required RMD amount.  The Friends of Vergennes Opera House, is a recognized IRS 501(c) (3) organization, Federal ID# 03-0341456.