Gifts of Appreciated Property

Overview:

Charitable gifts of appreciated property — whether real estate or capital gain securities — can provide even greater tax benefits than a cash gift of equal value. You may take a charitable deduction for the full fair market value of the property, while avoiding capital gains taxes. The IRS currently allows you to deduct the full fair market value of the property up to 30% of your adjusted gross income for the year. Any amount over that ceiling can be carried forward for future deduction, for up to five years, subject to the same percentage limitations.

A gift of appreciated property is considered made on the day the transfer is completed. Please contact the Finance Office (407-569-1164) for specific instructions.

Features & Benefits

•  Opportunity to make a substantial gift to FCC
•  Charitable income tax deduction
•  FCC can make immediate use of your gift
•  Avoid capital gains tax
•  Estate tax and probate savings