Development /  Gifts of Assets
Gifts of Apprecciated Assets PDF Print E-mail
Charitable gifts of appreciated securities such as stocks, bonds, or mutual funds, held longer than 12 months, can be deducted at their full fair market value while avoiding capital gains tax. These gifts may be deducted up to 30% of your adjusted gross income with a five-year carryover of any unused portion.

Real estate gifts are transferred in the same way as appreciated securities and allow for deductions at the full fair market value of the property. Capital gains tax can be avoided in most instances, but appraisals are needed to fully deduct the transfer of your gift.

Outright gifts of appreciated assets provide a tax deduction based on the fair market value of the asset transferred, with no capital gains tax on the appreciation. To ensure proper credit on your gift, check with your professional advisor, as certain specific rules may apply.

Gifts-in-kind are items given for use through a program or project. Automobiles, trucks, boats, or building materials may be fully deductible, depending on the type of gift.

Tangible personal property related to New Life Christian Academy & Preparatory exempt purposes and uses can be fully tax-deductible at their full fair market value. However, gifts that are not related to our tax-exempt purposes will be limited in deduction to the cost basis.


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