Gifts of Personal Assets

A donation of personal assets is a simple and easy way for you to make a gift.

Benefits of gifts of personal assets

• You can avoid capital gains tax
• The asset is no longer part of your estate, possibly lowering estate taxes
• You save the expenses of maintaining, insuring or repairing the asset
• You receive an income tax deduction (up to 30% of adjusted gross income)
• You receive the satisfaction and joy of knowing your asset is going to help a worthy cause

How to make a gift of personal assets

• Transfer your asset by deed, through a bequest in your will, other written documentation or in person. Contact us for help in making your gift.
• If your capital asset is something other than publicly traded stock, hire a qualified appraiser to provide an estimated value
• Always check with your legal and tax professionals when making a gift of personal assets, and for more information about possible income tax deductions for gifts of this nature.

Did you know…

• You can make a significant difference without ever opening your wallet through gifts of personal assets.
• The IRS defines a capital asset as almost anything you own. Examples include:
  • Stocks
  • Your home
  • Jewelry
  • Precious metals
  • Collections (stamps, coins, art etc.)