What is a Current Gift?
A current gift is one that you make today with immediate benefits. There are several ways for you to make this gift:
- CASH - A cash gift is usually the easiest and most convenient way to gift an organization. Your donation is available for the organization to use right away and you receive a valuable income tax charitable deduction to offset your taxes on the current year's return.
- SECURITIES - A gift of stocks or bonds may provide you with an even greater tax benefit. If you have owned securities for more than one year and the value has increased, you can avoid capital gains tax and receive a charitable income tax deduction equal to the fair market value of your gift. We can help facilitate these gifts.
- REAL ESTATE - A gift of your real estate that has been held for more than a year also has the advantage of providing you with a charitable tax deduction based on the current value of the property, as well as enabling you to avoid capital gains tax on the sale of your property*.
*As with any financial decision, please consult with your tax adviser.
Enterprise Zone Eligible