Benefits of Making a Gift

When you support YPC, you join a community that is dedicated to providing opportunities for young people to develop their creative spirit, whose gifts help make possible our successes in innovation and education. You can benefit from your gift in other ways, as well.

Tax benefits

Any lifetime gift received by Youth Performance Company qualifies for an income tax deduction. In addition, most gifts permit the avoidance or postponement of any potential capital gains taxes. Revocable commitments, such as will bequests, do not qualify for income tax benefits; however—like virtually all gifts—they reduce potential estate tax liability.

For gifts made during your lifetime, your income tax deduction is typically equal to your gift's full fair market value. The deduction is reduced for some gifts, including non-cash assets held less than one year and certain types of tangible personal property.

If you receive benefits from your gift the allowable deduction is reduced in accordance with the benefits you receive. The remaining deduction will still significantly reduce the cost of your gift.

The size of your gift may affect how much of your income tax deduction you are permitted to use in one year, and how much you carry forward to future years.

While Youth Performance Company is happy to provide general information, we cannot give specific legal, tax, or other professional advice. For such assistance regarding your unique circumstances, you are encouraged to consult personal legal and financial advisors.