Planned gifts with immediate impact: giving real property...

giving securities

If you own acreage, a manufacturing site or office building you are no longer using, a house or rental property you no longer wish to live in or manage—and you want to enjoy the immediate satisfaction of “making an impact” on your favorite qualified cause—you will find that an outright gift involving one or more of your appreciated properties may accomplish just that. 

   

To give an outright gift of your property—rather than selling it to donate cash—can mean the possibility of a double savings in taxes for you: 

  • A charitable income tax deduction based on the current fair market value of your real property
  • No capital gains tax for you to pay because you gave your real property outright

Has the value of your property decreased?   If this is the case you might consider first selling the property, then gifting your favorite qualified cause the cash from your sale.   Following this option, you may have:

  • Established a capital loss that you may be able to deduct from your taxes, and 
  • Gained a charitable deduction for the cash amount of your gift

AND

If you have appreciated securities (stocks, bonds, mutual funds, etc.) you wish to divest before the end of the year, an outright gift of these types of assets –rather than selling them to donate cash – you may receive similar benefits to that of gifting real property.      

If you would like to receive more information on these ways—and more—to give a tax-wise Planned Gift that will make an impact on your favorite cause,  request a copy of “Giving Real Estate” and / or “Giving Securities” by contacting us at hcef@hcef.net.

 

“Make an impact… Give a gift of property or securities to the Holmes County Education Foundation”

 

114 North Clay Street Millersburg, OH 44654 (330) 674-7303 Fax: (330) 674-7313 e-mail: info@hcef.net

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