Noncash assets
Enhance your giving
Did you know that gifting noncash assets—such as privately held business interests, real estate, or other appreciated property — can provide greater tax benefits and amplify the impact of charitable gifts?
By gifting highly appreciated assets to a fund at GCF, donors may avoid capital gains taxes. Additionally, donors can receive a charitable tax deduction based on the fair market value of the asset, which can be more than they would receive from a cash donation. This maximizes a donor’s giving potential without reducing cash flow.
The staff at GCF is highly experienced in facilitating these types of gifts, ensuring compliance with tax laws and helping structure the gift to maximize both the tax benefits and charitable impact.
Types of noncash assets
- Private Company Stock (C-Corp, Restricted Stock, Pre-IPO Shares, LLC & Limited Partnership)
- Real Estate
- Life Insurance
- Farm and Agricultural Land
- Charitable Trust Distributions
- IRA Assets
- Cryptocurrency and other appreciated complex assets
We all recognize the need to give back. For me, it started with trying to explore how I could transition my ownership at Skyline and do good in the community with some of the good fortune my wife and I had.
Questions?
We’re here to help!
Connect with Michele Carey, Vice President, Philanthropic Strategies at 513-768-6171 or [email protected].
