The simplest asset to give – by check or credit card.
A gift of appreciated stock or mutual fund shares is often the most advantageous contribution because you avoid the capital gains tax that would be imposed if you sold the stock yourself. For life income gifts, giving appreciated stock means that you can give an asset with little or no yield in exchange for a much higher annual income.
We can provide information on innovative ways in which closely held stock can be donated to the advantage of both the donor and the company.
The Foundation will generally accept a gift of real estate – your home, vacation home, apartment building, commercial property, or undeveloped land – that is readily marketable and free of environmental problems. You can make a gift of your property now or in your estate plan, or you can donate a full or partial interest in your home with the right to enjoy the home for life.
Retirement Fund Assets
You may have substantial retirement plan assets, such as 401(k) or Keogh plans, in your estate. These assets may be the most advantageous to contribute as they may be heavily taxed as part of your estate and as income to your beneficiaries. The Foundation can be named as the plan beneficiary to avoid these taxes.
You may find that you can make a much larger gift than you thought possible by irrevocably assigning a paid-up life insurance policy to the Foundation or naming the Foundation as beneficiary of a policy.
Contact Julie Loughran, director of development and communications, at email@example.com or 203.753.1315, x 116 to learn more.