Below is a list of some of the types of assets you can donate. Which ones you choose will depend on several factors. These include your financial plans – now and for the future – and your philanthropy planning. The foundation staff can consult with you / your professional adviser about the options that best fit your goals and offer the maximum benefits.
The simplest asset to give is cash. Whether you decide to start a fund or contribute to an already existing one, your gift is deductible. You can donate online with a credit card or send a check to The Foundation for Delaware County.
Gifts of real estate
You may choose to give appreciated real property or the remainder interest of your home to a designated fund. You continue to retain the use of the property during your lifetime, along with responsibility for maintenance, upkeep and taxes. Then, after the tenancy ends, the foundation becomes the owner of the property. And when property is sold, the proceeds are added to the fund.
Donating appreciated securities can be highly advantageous. You avoid the capital gains tax you would owe if you sold the stock. Also, within limits related to your income, the fair market value of the stock is deductible. Your tax consultant can advise you on the specific impact on your taxes.
Limited Liability Company Interest /Limited Partnership
Shares in LLCs and LPs are another type of asset that can be used to make a charitable gift.
We can help
For more information about donating real estate, securities or shares in LLCs/LPs, please email Ellen Grill or call her at 610-744-1015.