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TBPAC Lobby Named In Honor Of Silbigers' Gift

Dr. Martin and Ruth Silbiger

SilbegersThe Silbigers know the value of giving. And they know the value of the arts.

That's why when Dr. Martin Silbiger decided to honor his wife Ruth, his first thoughts were of TBPAC.

"Ruth and I have spent many wonderful evenings together at TBPAC," said Dr. Silbiger.  This gift to TBPAC's endowment in my wife's honor commemorates our 50th wedding anniversary. Not only do we love TBPAC, its mission to bring art to our community, and the many people there who have become like family to us, but we also recognize that a gift to the endowment will never fade."

The recent gift from the Silbigers joins a previous endowment contribution and is aimed at celebrating TBPAC's impressive history while laying the groundwork for the future. This generous $1.25 million gift will be used to further support TBPAC's education and mission-based programs. In addition, these funds are being used as a challenge to encourage others to make outright gifts to the TBPAC endowment.

In recognition, the lobby of Carol Morsani Hall has been named in honor of Ruth Silbiger. The Ruth Silbiger Lobby is the site of a wide range of events, from weddings to corporate functions, and it buzzes with thousands of people at operas, concerts and Broadway shows.

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A charitable bequest is one or two sentences in your will or living trust that leave to Straz Center a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I, [your name], of [city, state, zip], give, devise and bequeath to The TBPAC Foundation, Inc. [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

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You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to the Center as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to the Center as a lump sum.

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