Put Your Money Where Your
Art Is...
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Do you give money to the arts? Why not loan money to an artist?
Most people donate money to a general fund (United Way, Red Cross, Save the Whales, the Church), trusting in its board of directors to dole it out appropriately. Theatre lovers give to the Arts & Science Council. It's all the same to the IRS.
Some people prefer to have a say in how their charitable contributions are spent. What if you could write off funding for a play you really like? What if your deduction could help someone you know play Hamlet?
If it sells, you get a full refund Stage One budgets are balanced to cover costs when the average paid attendance reaches half the seating capacity of the theatre. For example, a ten-show run in a 200-seat house will repay backers in full with 1000 paying customers; if 500 people come, backers get back half, and write off the difference. |
Stage One can find independent artists to produce Your Favorite Play A Non-Profit Umbrella for
Independent Theatre, Stage One enables
individual playwrights, actors, directors, and other theatre artists to
produce plays that express their personal creative convictions without
losing their shirts. Essentially
we offer artist- producers a budget based on non-profit rates that can
break even at the box office, and a tax write-off in case it doesn't. We
then administer the budget through a special account, receiving funds,
paying bills, keeping records and filing reports. We also advise producers
on request and refer them to our sources, while they maintain complete
creative control.
Note that Stage One does not directly finance plays. Instead, we
authorize individual producers to solicit backing from people like
you, who support their work as independent artists, in the form of gifts or
conditional loans.
All gifts are tax deductible under Sections 501
(c) (3) and 509
(a) of the Federal Tax Code. If you normally give money to "the arts,"
you may consider a donation to an independent production as this year’s write-off. If you loan
money to the show, you will be repaid from ticket sales, understanding
that if sales don't cover costs, you can write off your portion of the loss.
Because we are non-profit, you cannot earn dividends on your
investment. Net gains, if any, are retained by Stage One to cover operating
costs. (Note that Stage One does not receive a cent until all production
costs are paid.) Instead, your
name will appear in the program, and you will enjoy the satisfaction of knowing
that you have made a dream come true.
If you'd like to know more about our program, please
contact
Stage One to arrange a meeting.
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