Since 1926, the Hollywood Theatre has stood as a cultural resource, architectural treasure, and namesake for our community. Here, cinema is and has always been the ultimate art form - and we hope it always will be.
The impact of the COVID-19 pandemic on our theatre is unprecedented. Never in our history have we faced such uncertainty. But as we look forward, we're taking steps to secure the future of our dynamic, historic movie palace for generations to come. You can play a significant role in ensuring the future growth and continued success of the Hollywood Theatre by making an estate plan gift.
When you designate a planned gift to the Hollywood Theatre, you can help secure the Hollywood's future without affecting your current lifestyle, and you'll be able to reduce your estate taxes, too. We would be honored to be part of your legacy, and would be very grateful for the opportunity to discuss your wishes with you.
If you have already made provisions for the Hollywood Theatre in your will, we ask that you let us know so we may recognize you at the theatre, and invite you special events and performances throughout the year. We would welcome the opportunity to work with you and your estate planning professional. For more information, contact Christen Fulk, CFRE, Development Director, firstname.lastname@example.org or 503-281-1142.
When you make a planned gift to the Hollywood Theatre, your legacy will help our historic theatre endure, and will safeguard the celebration, study and preservation of cinema for future generations.
You can honor the Hollywood Theatre in your estate planning in a variety of ways. Listed below are some of the most common arrangements.
Your intent to make a bequest to the Hollywood Theatre can be made clear in your will or living trust using simple and clear language, upon consultation with your attorney. You can stipulate a gift of a specific dollar amount, a percentage of the value of your estate, or property such as stock.
Sample Bequest Language:
“I give, devise and bequeath to the Hollywood Theatre, a non-profit organization (Tax ID #93-1074861) with a principal business address of 4035 NE Sandy Blvd, Suite 212, Portland, OR 97212, for its general purposes, all [or state the fraction or percentage] of the rest, residue, and remainder of my estate, both real and personal.”
IRAs, 401(k)s, 403(b)s, Keoghs, and other retirement plan assets make up an increasingly large part of many estates. When left to your heirs, these assets can be subject to income, estate, and other transfer taxes. Naming the Hollywood Theatre as a beneficiary of all or a percentage of your plan may reduce or eliminate these taxes.
Give From Your IRA Today
If you are 70 ½ years of age or older, you can make a tax-free gift from your IRA today! This generous, tax-wise gift will help you make the most of your legacy while supporting the Hollywood Theatre now.
If you have a life insurance policy that has outlived its original purpose (e.g., to provide security to minor children), consider gifting this policy to the Hollywood Theatre. Gifting a life insurance policy can greatly reduce your taxable estate. Gifting a policy can also yield a current income tax deduction of the policy's fair market value, which can sometimes be significant. You may also simply name the Hollywood Theatre as a beneficiary of your policy.
Many individuals request that survivors send charitable gifts in lieu of flowers. You can request that your friends and loved ones send such memorial gifts to the Hollywood Theatre, 4035 NE Sandy Blvd, Suite 212, Portland, OR 97212. Please ask them to indicate who is being honored, as well as who should be notified of the memorial gift.
The Hollywood Theatre is home to award-winning original film programming and exhibition with more than 400 screenings each year, serving over 180,000 patrons annually. We also own and operate Portland's iconic movie store Movie Madness, and a first-of-its-kind free microcinema at Portland International Airport, showcasing the work of Oregon filmmakers for audiences from around the world. Your planned gift will have a powerful impact on our innovative programs and historic building for years to come.
This information is intended to provide general guidelines about planned giving, including some of the potential financial benefits. It is not intended to provide specific advice about the legal or tax implications of charitable giving. Please be sure to contact your estate planning professional for information and advice to determine which planned gift is right for you.