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.
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