Marketable real estate, artwork, and other similar property are assets with which you may make a significant gift to Arena Stage. All gifts of real property must be reviewed and approved in advance by Arena’s Gift Acceptance Committee.
A gift of real estate will entitle you to a federal income tax deduction equal to the fair market value of the property. You will need to substantiate this value with an appraisal. You may take this deduction for up to thirty percent of your adjusted gross income and any excess over that amount you may carry over for up to five additional years.
A personal residence, vacation home or farm offers another giving option. You may give a remainder interest to Arena while you retain the right to remain in and maintain the property for life. A gift of such a remainder interest entitles you to a charitable deduction equal to the present value of Arena’s remainder interest.
