Planned Giving at Inglis
Gifts of Appreciated Assets
Gifts of Securities
If you’ve owned a stock for more than 12 months that has appreciated in value, you may find that it makes more tax sense to donate the stock rather than make a cash gift. You can avoid capital gains tax and claim an income tax charitable deduction for the stock’s full, fair market value against up to 30% of your adjusted gross income. Any unused deduction can be carried forward for up to five additional years. If the stock has lost value, it’s likely better to sell the stock, claim the capital loss on your tax return, and contribute the cash proceeds. For more information on donating stock, please contact us directly! Our contact information can be found below!
Gifts of Real Estate
With gains in the real estate market over the past decades, you may find that a fair portion of your net worth is tied up in your home, vacation property, undeveloped land or commercial real estate. Using these assets to make charitable gifts may be an ideal way to support Inglis and meet your own planning needs.
Inglis will consider outright gifts of real property after assessing the expenses and risks in comparison to the value of the gift. Potential gifts of real estate will be evaluated on a case-by-case basis, and Inglis retains the right to refuse a gift during negotiations without incurring cost or liability. (Possible exposure to environmental liability and possible challenges in marketing the property could be reasons for such a refusal to consider a gift.)