Personal assets that can be converted into a gift to UUSC include the following holdings:
securities such as stocks and bonds
tangible property
real estate
When appreciated securities that have been held for more than one year are donated directly to UUSC, the donor can take the current market value of the securities as an itemized charitable deduction. If appreciated securities are given outright, there is no capital gains tax whatsoever, and the entire value constitutes a charitable contribution for tax purposes. Such a gift eliminates capital gains tax liabilities and provides income tax and estate tax savings. To insure this savings, the securities themselves must be donated, not just the proceeds of their sale.
Click
here for PG Calc's planned giving calculator
Securities that have depreciated
over time are best sold by the donor to establish a capital loss deduction.
When the cash proceeds are donated to UUSC, the amount of the gift can be taken
as an itemized charitable deduction.
Tangible property can include such items as works of art, jewelry, silver, antiques
and coin or stamp collections. A charitable gift of tangible personal property
can be very attractive to the individual who has unwanted items that may be
costly to insure and perhaps difficult or unprofitable to sell.
A gift of real estate can be another attractive way to make a substantial commitment
to UUSC and to realize important tax and income benefits at the same time. You
may be able to reduce significantly the amount of income, capital gain or estate
taxes you otherwise would have to pay.
*For more information or to contact the Institutional Advancement Department,
click here.