Arts Land Trust
Protecting the Past and Building for the Future.
When you give land to California Living Arts Land Trust, you are creating a permanent legacy and helping ensure not only that your property will be well cared for and brought to its full potential, but that there will be a home for creative endeavors far into the foreseeable future. Most people know that our Trust accepts donations of theatrical and studio space, however we are also focused on gifts of raw land acreage that will be used to protect our forests, rivers, marshes, mountaintops and farms for future generations but also to provide valuable space to practice the living arts of landscape design, permaculture, creative resource management and at the same time allow us to create stunning seasonal events in beautiful locations.
We also accept gifts of other real estate, such as homes or investment properties, that are intended to be either used for storage centers, creative hubs, co-housing or support communities but which could also be sold, rented or leased in order support our creative communities’ mission. With the donor’s permission to sell the property, the Trust can convert the value of that real estate into strategic purchases of theaters, studios or event grounds throughout California. One house donated from the Bay Area can provide cultural events in perpetuity in Lassen or Modoc County, spreading our creative and positive way of living into the far corners of even the most rural areas.
Making a gift of real estate to the Trust can provide you with significant income, estate and capital gains tax benefits, ease the demands of owning property, and even provide you with lifetime income. Of course it is also the best way to ensure that a well-loved creative space stays viable into the far distant future.
The option you choose will depend on your personal circumstances, we can help you find the right solution for you or work with your attorneys and estate planners to make certain your wishes become a reality. Here are several options:
Making an outright gift allows you to receive the maximum charitable income tax deduction and avoid capital gains taxes.
Giving the California Living Arts Project’s Land Trust a remainder interest in your property allows you to receive a tax deduction at the time of the gift and continue enjoying the property during your lifetime.
Establishing a charitable remainder trust with real estate allows you to avoid capital gains taxes, obtain a tax deduction at the time of the gift and receive income for the rest of your life.
We may also be able to offer a leaseback, or life estate in return for your donation allowing you to continue living or using the property even after making an irrevocable gift.
Remember, your gift helps permanently provide the one thing that artists and arts groups need the most-space for creative endeavors. So many theater groups, gallery spaces and studios have been closed or sold in recent years as to create a crises for performance and practice space throughout the State.
Additionally, those that remain tend to be exclusive, run by an insular organization or barred by gatekeepers whose only interest is the bottom line. Your gift strikes a real blow for artistic freedom and the flourishing of culture into the 21st Century and beyond. You can help immensely to break down the single largest barrier to creating a better world, not having the space in which to do it. For more information about the California Living Arts Land Trust program, please contact our expert staff for advice and guidance.