Assets to Give

Assets

Just as when it comes to philanthropy you have many options – the same is true when you select assets to gift.

Cash

Cash is the simplest way to add to or create your own Fund. Your gift immediately establishes your custom charitable Fund from which you can make grants or award scholarships immediately.

Stocks and Securities

Stocks, bonds and mutual funds that have appreciated over time provide a greater tax benefit to you than gifts of cash. They're easily transferrable, transfer at full market value and allow you to avoid capital gains taxes.

Compare Cash to Securities Gifts

  Cash Appreciated Securities
Cost Basis $20,000 $20,000
Income Tax Savings
(28% bracket)
$5,600 $5,600
Capital Gains Tax Savings
(14% bracket)
$0 $2,700
Cost of Your Gift $14,400 $11,700

 

Real Estate

Investment property, vacation homes and agricultural lands make excellent charitable gifts to start your Fund. Often a home is the largest asset a donor can give. When used for charitable purposes you can create a legacy much larger than previously imagined. You receive an immediate tax deduction for the full appraised value and avoid capital gains taxes if you've held the property for more than 12 months.

Retirement Assets

Retirement plans are often decimated by taxes at the end of life. Using these assets to add to or create a Fund is a way to preserve their value and carry out your charitable wishes. There are also significant tax advantages for individuals, age 70½ or over, to contribute up to a $100,000 from these plans.

Closely Held Stock

Business interest that cannot often be traded publicly can be easily transferred to the Foundation to establish a charitable Fund for you or the business. A charitable deduction will be allowed for the appraised fair market value of the property and the transaction is not subject to capital gains tax.

Life Insurance

Often life insurance is not needed later in life. You can establish your charitable Fund by naming the Foundation beneficiary. You may also purchase a policy in the Foundation's name and earn an additional tax deduction each time premiums are due.

Think about this....careful consideration should be taken when choosing which assets to gift. Our team of philanthropic experts are available to help you and work closely with your attorneys and financial planners to make a decision that makes the most sense when considering your unique situation.