gifts of securities or real estate

Gifts of Real Estate

A gift of real estate can provide generous support for the Access Fund and may generate significant tax savings for you. Almost any type of property, such as a personal residence, a vacation home or an undeveloped parcel of land is a valuable gift. If the property qualifies as a long-term asset, consider giving it outright. By doing this, you are eligible to save capital gains tax and receive a deduction equal to the value of the gift. Gifts of real estate are eligible for deductions of up to 30 percent of your adjusted gross income.

Securities

Gifts of stocks are especially advantageous if you hold a stock that has increased in value since you acquired it. By making a gift of tock held longer than one year, you completely avoid paying capital gains tax. In addition, you would receive an income tax deduction for the current market value of the gift. You may deduct gifts totaling up to 30% of your adjusted gross income in any year, with a five-year carry-over for any excess. Click here for more information about gifts of stock. If you contribute closely-held stock, you are eligible to receive a current income tax deduction for the full value of the gift. When we receive a stock donation, the name of donor is not always included. Please contact us if you have donated a closely-held stock. This will allow us to acknowledge your donation in a timely manner.

If you have additional questions on these programs please contact Jason Smith at smith@accessfund.org.