Outright Gifts: Cash, Personal Property, & Real Estate
When you give a gift of cash, the results are immediate. If you itemize your deductions on your personal federal income tax return, you can make a charitable gift deduction for the amount of your cash gift.
Your gift will bring lifesaving aid to children, and you may be able to deduct up to 50 percent of your adjusted gross income on your federal income tax return. If you can’t take the entire deduction in the first year because of tax limitations, you may carry the balance forward for the next five years.
Personal property such as artwork, collectibles, and jewelry can be given to ChildFund and will help us advance our mission of providing practical assistance to needy communities, with children as the primary beneficiaries.
You receive gift credit and an immediate income tax deduction for the appraised value of your gift and pay no capital gains tax, provided your gift satisfies the “related use” requirements of the IRS.
Best of all, you have the satisfaction of making a significant gift now without adversely affecting your cash flow.
For most Americans, one of the most significant assets we own is real estate. Within guidelines, ChildFund gladly accepts gifts of all or a part of readily marketable, appreciated, unencumbered real estate that you own.
Outright gifts of real estate often result in an income tax deduction equal to the fair market value of the property, as determined by appraisal, but in some situations this may be reduced.
Please call 1-800-762-9593 for more information.