YOUR GIFT CAN LAST FOREVER
An endowment gift to Birmingham Landmarks/Alabama and Lyric Theatres today provides a brighter picture for our future. When you make a donation to our endowment, you give a gift with both immediate and long-term benefits.
Endowment donations are invested. A portion of the annual income from the investment is used to address immediate needs at Birmingham Landmarks/Alabama and Lyric Theatres. The remaining funds are reinvested to ensure indefinite support.
AN EXAMPLE OF HOW IT WORKS
Long-time supporters Susan and Charlie want to make sure Birmingham Landmarks/Alabama and Lyric Theatres continues to flourish long after they're gone. They also want to memorialize Charlie's parents, Mr. and Mrs. Jones. So they make a $2 million donation to Birmingham Landmarks/Alabama and Lyric Theatres which we invest. Each year, a portion of the income from the invested money will be used to support our mission in honor of the Joneses. The rest of the income is reinvested in the fund; that's what allows it to support us indefinitely. Susan and Charlie qualify for a federal income tax charitable deduction on their taxes.