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BST is a largely volunteer organization. Each year an amazing 40,000
volunteer hours are donated to the theatre! However, like all non-profits, our
theatre also has a tremendous need for monetary donations. Approximately 50% of
the funds needed to operate the theatre come from ticket sales. The remaining
funds are raised through special events, sponsorships, and donations. Billings
Studio Theatre is non-profit with a 501 (c)(3) designation. This means that all
donations to the theatre are tax deductible.
Each year there are two formal requests for donations. The first occurs in May
(The Annual fund drive) when our season tickets go on sale. Many of our patrons
send a donation at the time they purchase season tickets. The second formal
request occurs in November and is part of our Holiday Appeal. We frequently
receive unsolicited donations throughout the year. Historically most of these
donations have been unrestricted gifts that allow the funds to be applied to
areas of greatest need.
Additionally BST has been the recipient of a number of charitable gift annuities
that are helping build an endowment. At this time we are served by the Montana
Community Foundation, a foundation serving many non-profits throughout the state
of Montana. In exchange for an irrevocable gift of cash, securities, or other
assets for the benefit of BST, The Montana Community Foundation agrees to pay
the annuitant a fixed sum each year for life. Additionally the person giving the
gift qualifies for a federal income tax deduction and qualifies for a Montana
Tax Credit. The Tax savings are substantial.
If you would like additional information on Charitable Gift Annuities or any
other type of gifts please contact Eric Hendricks at Billings Studio Theatre.
All gifts are greatly needed and greatly appreciated. Thank you for your
interest.
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