Making a Difference
Rewarding Personal Philanthropy: Overlooked Options
Beyond gifts of cash—always an important part of philanthropy—there are many other ways to provide support. However, some of the most meaningful and satisfying options are easy to overlook.
Gifts of non-cash assets cover a broad spectrum of possible opportunities, from stocks and bonds to mutual funds to real estate. As you consider gift planning ideas, you may be surprised to find that property you own but no longer need is an ideal gift choice.
A gift of appreciated stock held for more than one year has a major advantage over a gift of cash—it lets you avoid the capital gains tax you would have paid if you sold the stock. If you itemize, you can deduct the full value of the gift, even though the appreciation has never been taxed.
A gift of appreciated real estate is similar to a gift of appreciated stock: you can deduct the property’s full fair market value while avoiding any capital gains tax on the appreciation. When real estate becomes a burden or is no longer needed, a real estate gift can simplify your life and help us make a difference in meaningful, often extraordinary ways.
It would be our pleasure to help you explore how you can enhance your personal philanthropy through planned giving, including non-cash gift options. Contact us at your convenience—we look forward to hearing from you!