The Kentucky Center for the Performing Arts

Planned Giving

What to Give to The Kentucky Center

Maximize your giving and minimize your taxes while supporting The Kentucky Center. You can give or bequeath through your estate:

Cash
Cash is the easiest asset to transfer and is often used to fund a life income gift (such as a charitable gift annuity) which can generate higher income than a certificate of deposit or stock dividend.

Securities
Long-term appreciated securities make excellent gifts. If you sell the stock you owe capital gains tax on the appreciation. On the other hand, if you give or bequeath the stock the full value qualifies for a charitable deduction. Also, if the stock is used to fund a life income gift (such as a charitable gift annuity or charitable remainder trust) the payout is based on the full value of the stock.

Real estate
If you make a gift of a residence, vacation home or other real estate, you receive a charitable income tax deduction equal to the property’s full value. In contrast, if you sell the property and pay capital gains tax on the appreciation, you realize only a portion of its full value. Also, in some cases a gift of real estate can provide income to you through a charitable gift annuity or charitable remainder trust.

Personal Property
You can deduct at full value artwork, collectibles and other tangible personal property related to the mission of The Kentucky Center. Personal property unrelated to the Center’s mission can be deducted at your cost.

Other property interests such as royalties and shares of closely held stock are worth considering as a charitable gift.

For more information, please contact Suzanne Guss, planned giving officer, at (502) 562-0799 or send an email to sguss@kentuckycenter.org.