Support Berkeley Rep > Planned giving > Noncash gifts

Noncash gifts

Berkeley Rep welcomes a variety of noncash gifts, including gifts from retirement plans and life insurance policies, as well as gifts of publicly traded securities (stock), real estate and gifts of personal property.

retirement plan gifts

Designating all or part of what remains of your retirement plan after your death can be a very tax-efficient way to make a gift to Berkeley Rep. As IRAs are usually funded with untaxed dollars, they are subject to income tax as well as estate tax. This double tax may leave heirs with as little as 30% of the plan’s value. Berkeley Rep would receive all of it tax free. To make a gift from your IRA, simply request a form from your plan administrator and name Berkeley Rep as a beneficiary.

life insurance gifts

Beneficiaries may pay estate tax on insurance distributions. Qualified non-profit organizations never do. You can reduce your estate’s tax liability by designating all or part of the proceeds of your life insurance policy to Berkeley Rep. To make a life insurance gift, simply request a form from your insurance company and name Berkeley Rep as a beneficiary.

gifts of publicly traded securities (stock)

Publicly traded securities (stock), can be used to make any kind of charitable gift: outright gifts in your lifetime, charitable remainder trusts or bequest gifts. Stock gifts can be a very tax-efficient form of giving, as you may be able to defer or reduce capital gains taxes on appreciated stock, and you may receive a charitable deduction from income or estate taxes for the full fair market value of those securities.

To make a contribution to the Annual Fund with an outright gift of stock, please download our Stock Instruction Form (PDF), complete and fax it to Berkeley Rep’s Development Office at 510 647–2910. Transfers of stock may be made directly to our broker at Morgan Stanley Smith Barney. However, to accurately track and acknowledge your gift, the Stock Instruction Form must be submitted to Berkeley Rep at the time of transfer. It is the policy of Berkeley Rep to sell the stock immediately upon transfer.

If you are making a deferred stock gift, please notify the Development Office that you intend to make the gift, including the corporate name/ticker symbol of the stock and the number of shares you intend to donate so that we may accurately acknowledge your gift.

real estate gifts

For many people, their greatest asset is their home. That’s why gifts of real estate are often extremely significant contributions. Real estate can be used to create some life income gifts, or it can be given outright during your lifetime or as a bequest. You can even make a gift of your home to Berkeley Rep and retain the right to live there for the rest of your life while you receive a current income-tax charitable deduction for a portion of your home’s value.

Each piece of property will require review to determine its suitability as a charitable gift. If you are considering making a gift of real estate to Berkeley Rep, please contact the Development Office so we can discuss your options with you.

Please note: For real estate worth more than $5,000, you will need to obtain an independent appraisal from a qualified appraiser in order to substantiate the value of the gift for tax purposes.

gifts of personal property

Berkeley Rep welcomes gifts of personal property that may be used in the mission of the Theatre. Please contact the Development Office so we can help to determine whether or not Berkeley Rep can make use of an offered gift.

Berkeley Rep gladly accepts vehicle donations. Your car, motorcycle, truck, boat, RV or other vehicle can help bring world-class theatre to our community and provide vital arts education programs for local youth. Vehicle donation is a hassle free and easy way to give, and your contribution is tax-deductible to the extent of the law. For more information about vehicle donations or to schedule a pick-up today, please call 510 647–2907 or email lfichtenberg@berkeleyrep.org.

Please note: For personal property worth more than $5,000, you will need to obtain an independent appraisal from a qualified appraiser in order to substantiate the value of the gift for tax purposes.

 

For more information, to discuss your options or to inform Berkeley Rep of your intentions, please contact Associate Director of Development Daria Hepps at 510 647–2904 or dhepps@berkeleyrep.org.

 

 

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