However you choose to give, we are thankful for your support!
PLEASE NOTE Special 2020 opportunites for tax deductions due to the CARES Act.
CARES Act provisions for donors who don’t itemize: The CARES Act allows for up to $300 in charitable contributions ($600 for joint filers) to qualify as an above-the-line deduction, meaning you don’t have to itemize deductions in order to claim the $300 as a deduction. Qualifying donations must be made in cash or cash equivalents (as opposed to stock, for example) and cannot be directed to supporting organizations or DAFs.
CARES Act increase in charitable giving limit: Under the CARES Act, for 2020 only, donors who itemize their deductions can now give more to charity before reaching their adjusted gross income (AGI) limitation. Formerly set at 60%, the limitation for cash contributions to certain public charities has now been raised to 100% of an individual’s AGI for 2020. Any giving beyond this 100% limitation may be carried over and used in the next five years.
GIVE FROM YOUR IRA: Give from your IRA: Using the Qualified Charitable Distribution provision, you can make a gift to MRT supporting the theatre you love and avoiding income tax on that distribution.
GIFTS OF CASH
Send your check or money order made payable to Merrimack Repertory Theatre to:
MRT Development Department
132 Warren St
Lowell, MA 01852
Make a recurring donation to MRT.
Gift of Securities
Donate your stocks, bonds or other securities and earn tax benefits at the same time. If you have held your securities for more than one year, you may find that your gift will provide a twofold tax benefit, creating an income-tax deduction as well as helping avoid the capital-gains tax that would have been due on their sale. MRT receives gifts of securities through a gift account at UBS.
Your broker will need the following information:
DTC 0221 Account #: KB 25518
Account Name: MRT
Contact: John Reid at UBS
Phone: (603) 626-2923
Merrimack Repertory Theatre
132 Warren Street
Lowell, MA 01852
IRA Rollover Gifts
If you are 70 ½ or older, you can make tax-free charitable gifts of up to $100,000 directly from your Individual Retirement Account. These gifts can be used to meet all or part of an IRA required minimum distribution. Contact your financial representative to take advantage of this benefit while generously supporting MRT! You can download a sample letter for your IRA administrator here.
Matching Gift Opportunities
Many companies match the gifts of their current or retired employees. Please check with your HR department to learn if this is an option with your employer.
Merrimack Repertory Theatre is pleased to recognize donors for their comprehensive generosity, including documented planned gifts.
LEARN MORE about how you can make an impact through a planned gift.
If you have questions about how to give to Merrimack Repertory Theatre, please email Bonnie J. Butkas, Executive Director. Thank You!
NOTE: Please consult with your tax advisor to determine whether your donation is tax deductible in whole or in part. Nothing in this communication is intended to constitute legal or tax advice.
PHOTO (l-r) Rebecca White and Joel Colodner in A Christmas Carol. Photo by Meghan Moore