Gifts to benefit The Lensic Performing Arts Center now:

  • Charitable lead trusts allow you to leave property to heirs, reduce gift and estate tax costs, and provide income to The Lensic. You contribute assets to a trust and set an amount or fixed percentage to be paid to The Lensic for a designated period of time, or for the life of designated individuals.

  • Gifts of tangible personal property, including real estate, can offer an immediate tax deduction and, if qualified as a long-term capital asset (held for a year and a day), offer avoidance of capital gains tax, removal of the asset from your estate, and if appropriate, elimination of maintenance costs of the property. These gifts must be determined useful to The Lensic in pursuit of its nonprofit mission and approved by The Lensic Endowment Investment Committee.
  • Gifts of life insurance policies: Contributing a paid-up life insurance policy you no longer need to The Lensic will give you an immediate tax deduction and reduce your estate and inheritance taxes by distributing part of your net worth during your lifetime.

For questions, information or a letter of intent, please contact: Aggie Damron-Garner, Managing Director, 505-988-7050 ext.1202 or [email protected].

This outline is prepared as a guide to planning and should not be interpreted as advice for your specific circumstances. We encourage you to consult your own legal, accounting, estate, and other professional advisors as you consider options for giving to The Lensic Performing Arts Center.

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