Classical Ballet Theatre | Ballet and Contemporary Dance Classes | Reston/Herndon/Northern Virignia and Greater D.C. Area Executive Director | Cynthia Donavin; Artistic Director | Alisher Saburov 320 Victory Drive, Herndon,VA 20170 • (703) 471-0750

Planned Giving

Planned Giving Opportunities

The Planned Giving Program invites donors who declare an interest in the future of the Classical Ballet Theatre by including the Classical Ballet Theatre in their wills, insurance, or savings disbursements. The Classical Ballet Theatre is extremely grateful to these individuals as their generosity and foresight will enable Classical Ballet Theatre to maintain its growth and stability, enriching the lives of future generations.

Wills and Bequests

Example: Sue grew up attending The Nutcracker and then began taking her daughter when she was young.  Now, Sue, her daughter and her granddaughter have a tradition of attending CBT's The Nutcracker every year.  In honor of this special tradition, Sue provided in her will that a part of her cash estate be given to the Classical Ballet Theatre Planned Giving program, ensuring the future of Classical Ballet Theatre and The Nutcracker.

Benefits to you:

  • You have control of your assets during your lifetime.
  • You can make modifications to your bequest.
  • You can specify exactly how your contribution should be used.

Plan now for the future and name the Classical Ballet Theatre in your will or revocable trust.

Life Insurance

Example: John owns a life insurance policy he no longer needs.  He learns that if he transfers ownership to the Classical Ballet Theatre, he can deduct the cash value of the policy now as well as leave a generous gift to the Classical Ballet Theatre Planned Giving program in the future.

Benefits to you:

  • You receive the immediate income tax deduction for the cash value of the policy.
  • You are able to make a generous gift to the Classical Ballet Theatre without affecting your cash flow.
  • You can specify how you would like your contribution to be used.

IRA or 401(k)

Example: Jane is a Board Member of the Classical Ballet Theatre.  She is thinking about ways to support Classical Ballet Theatre in the future and learned she can name CBT as a beneficiary of her 401(k).  After she retires, she will continue to make withdrawals, but will be able to leave the remainder to CBT.

Benefits to you:

  • You can avoid income and estate taxes on residual left in your account.
  • You can continue to make withdrawals during your lifetime.
  • You can change beneficiaries throughout your lifetime.
  • You can specify how you would like your contribution to be used.

You can name Classical Ballet Theatre as a beneficiary of your IRA or 401(k).