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Securities and Real Estate

Popular alternatives to cash are gifts of appreciated property, such as securities and real estate. If you have owned your home, a vacation home, acreage, a farm or stocks for many years, a charitable gift of these assets may be very advantageous. The property or security could have so appreciated in value through the years that its sale would result in a sizable capital gains tax. If given to the ABYC Foundation, you receive an income charitable deduction for the full, fair-market value of the property plus you escape a potential tax on any capital gains. Should you wish to continue living in your home or farm for life (or for the life of your surviving spouse), you may donate the property, continue living in it and take a current income tax deduction for a portion of the fair market value of the property.