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Nina Salama, microbiologist
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Besides cash and publicly traded stock, an outright gift may include many different assets such as real estate, closely held stock, partnership units, life insurance, retirement plan assets, royalties and patents, commercial annuities, mineral rights and other property interests.
Tangible property is defined as anything that can be touched, excluding real estate or cash assets. The Hutchinson Center may receive gifts of personal property, from artwork, books and coin collections to scientific instruments and equipment.
Bargain sale
In a bargain sale, you sell appreciated property to the Center for less than its present market value. The difference between the fair market value and the price paid by the Center is considered a charitable gift.
A charitable lead unitrust or annuity trust enables you to make an annual gift to the Center for a term of years. At the conclusion of this term, the principal passes to beneficiaries of your choice with substantial gift tax savings or it reverts to you along with a charitable income tax deduction.
| The purpose of these Web pages is to provide general educational information about charitable gifts, financial considerations and estate planning. They are not intended as legal, accounting or other professional advice. For assistance in planning charitable gifts with tax and other financial implications, the services of appropriate advisers should be obtained. Consult an attorney for advice if your plans require revision of a will or other legal document. |
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