It shouldn’t be a surprise to hear that the future of Bag&Baggage depends on the community’s goodwill. As a nationally recognized theatre company with an iron-clad commitment to Hillsboro and western Washington County, we want to ensure that Bag&Baggage grows and prospers, ultimately becoming the premiere arts and performance company for future generations of people who live, work and play right here in Hillsboro.

You can help. We invite you to create a lasting legacy by supporting Bag&Baggage with a provision in your will or estate plans. Gifts like these literally lay the foundation for future generations of theatre lovers, creating a permanent remembrance for each planned-gift donor. When you make a planned gift to Bag&Baggage, you show your commitment to sustaining a key community and nationally important cultural asset.

A will or an estate plan is an important way to provide for loved ones, but they can also serve other purposes for the greater good. Such legacy gifts can be a way of advancing ideals and values, continuing worthwhile traditions, and extending one’s generosity to a wider group of beneficiaries. Through charitable estate planning, you and your family can support Bag&Baggage while receiving financial and philanthropic benefits in ways that are consistent with your own financial goals.

Speak to your financial advisor and let them know that you want to create a lasting legacy for Hillsboro and all of Washington County by including Bag&Baggage in your estate planning.

Charitable bequests (will or living trust)

Gifts by will or living trust for the benefit of Bag&Baggage Productions may be for a specific dollar amount, a percentage of the total estate, or the residual amount (amount leftover after all expenses have been paid). Specific bequest language for a gift to Bag&Baggage Productions.

Retirement assets

Retirement plan assets (IRAs, 401(k), TSAs, etc.) may be the best way to make a gift to Bag&Baggage Productions . The funds can be transferred to us by adding Bag&Baggage as either a primary or contingent beneficiary of the account. As a direct distribution at your passing, these funds will not be subject to estate tax or to income tax, and consequently, the entire balance will be preserved for Bag&Baggage Productions . In some cases gifts of retirement funds during your life may be beneficial.

Life estate gifts

A life estate gift is also called a gift of a remainder interest in a residence, vacation home, or farm to a charity. The gift is made by transferring the ownership of the property to Bag&Baggage Productions while you are living, and you retain the right to use the property for life. The donor receives a current income tax deduction for the gift that can be used to reduce one’s current taxable income. A life estate involving your home may be combined with a charitable gift annuity to provide current income tax savings while enabling you to continue living in your home and also provide additional income through the gift annuity.

Life insurance

The need for life insurance changes over time. The ownership and beneficiary designation of a funded life insurance policy may be transferred to Bag&Baggage Productions . A gift of a current policy may enable the donor to turn a moderate monthly premium into a substantial gift.