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Appreciated Assets
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Gifts of appreciated assets enhance your giving! In addition to stocks and bonds, consider:
Discover Other Great Giving Ideas . . . Complete an Estate Inventory Review Often, satisfying giving ideas emerge from the process of an estate inventory review. Our Gift and Estate Design services are available to help you think creatively about your giving plans. The list of non-cash gift ideas that can be identified is intriguing. For example, an OMS trustee gifted a beneficial interest in a town-home as part of his annual giving and accomplished goals within his estate plan at the same time. Real Estate Your gift of a home, vacation property, rental property or other commercial property can have significant Kingdom impact. You may transfer your gift to OMS in three primary ways:
Gifts of real estate to OMS are deductible at their fair market value and often bypass capital gains tax. You are responsible for securing an appraisal to substantiate your deduction. We can assist you in following the IRS-required procedures and internal OMS policies to accomplish such a gift. Real property that is appreciating in value can also be a useful estate-planning tool.
Gifts of Business Interests OMS can also facilitate gifts of business interests––C-Corporation or S-Corporation transactions––as part of an outright gift or estate plan strategy. S-Corporation transfers often involve asset sale strategies or conversion to C-Corporation status to accomplish the gift. Partnership Gifts Partnership interests can be used to fund outright gifts or, in certain cases, life-income arrangements such as Charitable Remainder Trusts. They can be given during your lifetime or at your death through your estate. Gifts of partnership interests qualify for a charitable deduction based on (but not necessarily equal to) the difference between your share of the fair market value of the partnership’s assets and your share of the partnership’s liabilities. OMS accepts gifts of general and limited partnership interests in real estate and business-based limited partnerships (i.e., real estate partnerships, oil and gas partnerships, general business partnerships and Limited Liability Company interests). Gifts of partnership interests involve consideration of issues of valuation, suitability of OMS as partner, transfer restrictions, unrelated business income and evaluation of tax consequences to the donor. Gifts of Books and Artwork OMS is receptive to gifts of books, artwork and collectibles that meet these requirements:
OMS can assist the donor in following the IRS-required procedures for this appraisal.
For further information and assistance, please complete our Confidential Reply Form or contact Steve Hoffman, for Gift and Estate Design Services. |
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