Neither Margie nor Steve Wilkinson grasped what the performing arts meant to their mothers when both women were alive.
“Both of our mothers were secretly fans of the arts in different ways,” Margie says.
Steve still remembers his mother’s reaction when the Las Vegas couple took her to “Phantom of the Opera” in New York City in the early ‘90s.
“She cried through the whole production,” he says, adding that he learned only after she died that she had given up a scholarship to study singing and acting in the ‘30s to marry his father.
Likewise, Margie’s own mother never spoke of loving the arts, but became passionate about attending arts festivals in California.
When the Wilkinsons learned about their mothers’ enthusiasm after both women passed away, they wanted to ensure their inheritance money supported the arts.
“We wanted some way to really honor them and keep something they had been involved in going,” Margie says.
They found their answer in a planned giving donation to The Smith Center.
Some might not be aware of options to support The Smith Center though planned giving, which involves giving to a charitable organization in a way that takes more planning than a cash donation.
In Steve and Margie’s case, they created a revocable trust, under which the money they inherited from their mothers will be donated to The Smith Center when the couple passes away.
“Both of our mothers would have had a niche here,” Margie says. “This is a way to ensure their money will go toward something that will be ongoing.”
There are other forms of planned giving, as well.
These can include listing The Smith Center as a beneficiary on a life insurance policy, or including The Smith Center in a will, leaving a legacy that will impact many arts lovers.
Supporters can even set up a charitable trust that provides a form of income for both the donor and The Smith Center.
“You know you’ll be a part of making sure The Smith Center occupies the place it does within the community,” Steve says of his and Margie’s decision. “It’s a great feeling to know you’re contributing to the future even when you’re long gone.”
Some choose planned giving options for financial benefits, such as tax advantages. Planned giving options can also be tailored to each individual’s financial needs.
In addition, those who make planned gifts to The Smith Center gain membership to The Encore Society. These Members receive exclusive benefits and even special behind-the-scenes access at The Smith Center.
Setting up their revocable trust was simple, the Wilkinsons say.
With this in place, they will continue enjoying the arts as a major component of their lives.
“It’s a good feeling to have a facility like The Smith Center and have the chance to make sure it continues,” Steve says. “We want to make sure it grows.”
If you are interested in joining The Encore Society with a planned gift or have questions about making a planned gift, contact The Encore Society at 702-749-2354 or EncoreSociety@thesmithcenter.com and seek the advice of your financial or legal advisor.
If you include The Smith Center in your plans, please use our legal name and federal tax ID.
Legal Name: The Smith Center for The Performing Arts
Address: 361 Symphony Avenue, Las Vegas, NV 89106
Federal Tax ID Number: 88-0361875