Planned Giving
"For present comfort and for future good" (A
Winter's Tale, Act V, Scene 1)
 Gifts of Real Estate
Almost any type of real estate can be given to the Shakespeare Theatre Company;
because every piece of real estate is unique, and to be certain that your goals
align with the Theatre’s for such property, please contact the Theatre
in advance of making your gift. Real estate can be contributed in several
ways:
- Outright gift: The entire property is given to the Shakespeare Theatre
Company.
- Gift Subject to Life Income: The property is conveyed to a life income
trust for the ultimate benefit of the Shakespeare Theatre Company. The
income of the trust is paid for life to the donor and/or to another beneficiary
named by the donor. As with an outright gift, you can alleviate
capital gains tax liability on the appreciation in a life income gift of
appreciated real estate.
- Bargain Sale: A charitable gift of mortgaged real estate under which
the donor is considered to have sold the property to the Shakespeare Theatre
Company for the amount of the outstanding mortgage. Your deductible
gift is the difference between the mortgage and the market value of the property. There
will be a partial capital gains tax on your appreciation in the property
attributable to the amount of the mortgage, but not on the gift portion of
the transaction.
- Giving real estate by Bequest
Click
here to request more information or call Amy Gardner, Associate Director
of Development at 202.608.6332.
Federal Tax Information
Your lawyer may ask you for some
essential tax information about the Shakespeare Theatre Company. The Theatre's full legal name is “The Shakespeare Theatre,” and we are incorporated under the laws of the District of Columbia. The Theatre is a public charity exempt from income, gift and estate taxes under section 501(c)(3) of the Internal Revenue Code. Its
federal tax identification number is 52-1405988. |