PERSONAL PROPERTY AND SECURITIES ASSETS WORTH DONATING Any type of asset that you irrevocably donate to an organization like Jesuit High School results in a current income tax deduction, but there may be other tax benefits from your contribution. If you contribute appreciated securities that you have held more than one year, you have the added benefit of eliminating the tax on the gain. You can also give Jesuit tangible personal property (like an art object, prized collection or antique) and take a deduction for its full fair market value if the gift is used for our exempt function. These are but two of the types of assets you can donate outright to Jesuit today. Using assets other than cash allows you more flexibility when planning your gift, and there are even more potential benefits if you plan your gift creatively. Benefits �� Receive a current income tax deduction for gifts of securities. �� Provide relief from capital gains tax with gifts of securities. �� Make meaningful gifts with donations of personal property. �� Help fulfill our mission with your contributions. Dave has stocks currently valued at $20,000 that he purchased for $4,000 several years ago, which will result in a $16,000 capital gain if he sells the securities. He is in a 28 percent marginal income tax bracket. Dave decides to donate the stock to Jesuit High School instead of selling it. By doing this, Dave receives an income tax charitable deduction for the full fair market value of $20,000 and eliminates capital gains tax. 6 E X A M P L E
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