Charitable Gift Annuity

One of the most popular planned gift options, a gift annuity is a contract between the Shakespeare Theatre Company and the donor, providing for the payment of life income at a fixed rate.  The donor receives an income tax deduction in the year of the gift, subject to the usual rules of deductibility.

A gift annuity has an attractive provision for the taxation of the income:

  • a portion of each payment is treated by the IRS as the nontaxable return of a donor’s principal
  • another portion is taxed as a capital gain to the donor if appreciated assets are contributed
  • the balance is taxed as ordinary income

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.