Learn about the fees and policies of a Charitable Gift Account
Real Estate & “Non-Cash” DonationsIt’s easy to contribute publicly-traded securities and cash to a Charitable Gift Account in order to fund a future of grant-making. But Schwab Charitable Fund can also facilitate the tax-deductible donation of real estate, private-equity investments, and certain other “non-cash” assets.1 The majority of donations not of publicly-traded securities and cash are turned down by most charities. They are simply not equipped to take on the work of accepting donations of real estate or other non-cash assets since these may be difficult to liquidate. Many investors have a significant portion of their portfolio in these non-cash assets and may not have considered using them as a part of their overall tax- and estate planning. Often these assets have very low cost bases, and investors may be overlooking an opportunity to turn these low-basis assets into charitable deductions.2 The proceeds of these donations can be used fund your Charitable Gift Account to support a future of charitable giving. For more information about donations of non-cash assets, or to discuss the benefits of opening a Charitable Gift Account, please call us at 800-746-6216. 1. Contributions of real estate, private equity and other non-cash assets are accepted via a charitable intermediary, with proceeds of your donation transferred to your Charitable Gift Account upon liquidation. This intermediary considers donations on a case-by-case basis, and assets typically must be valued at $250,000 or more. Call the Fund for more information at 800-746-6216. 2. IRS deductibility rules for non-cash assets can be complex. Consult your tax advisor prior to making any gifting decisions. |
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