Outright Gifts

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An outright gift is a donation of cash or other assets such as stock, real estate or personal property. Outright gifts offer the distinct advantage of being immediately available to assist in ministry opportunities through the Asbury Foundation.

Type

Definition

Benefits

Cash

A Cash gift is issued by check or other means of giving cash. It can be a one-time gift or a pledge for multiple payments

By deducting gifts up to 50% of your adjusted gross income in any one year. Carry over any excess into as many as five tax years

(Appreciated) Stocks & Securities

Securities are any form of ownership that can be easily traded on a secondary market, such as stocks and bonds. It also includes their derivatives, such as futures contracts, options, or mutual funds



  • Deducting the full current value of the stock and bypass any capital gains tax, which might be due on a sale

  • Deduct such gifts up to 30% of your adjusted gross income in any one year

  • Carry over any excess into as many as five tax years.

  • Securities must be long-term (held longer than a year) to qualify for favorable tax treatment

Real or Personal Property

There are two major forms of property: real and personal.

Real property is simply real estate -- a home, farm, or other land.

Personal property includes intangibles such as art, patents, copyrights, computer equipment, and other items that have a determinable value

  • Income tax deduction based on today’s fair market value of the property

  • Avoidance of capital gains tax on the appreciated value

  • Relief from maintenance and other ownership responsibilities

  • Deductible for its full fair market value (up to 30% of your adjusted gross income) if it meets two conditions: 1) it must be documented by a legitimate appraisal and 2) it must satisfy the "related use" standard

The content provided on The Asbury Foundation site is not offered as legal or tax advice. Examples of tax benefits may or may not apply to your own situation at the time of your gift. The Asbury Foundation urges donors to seek the advice of a tax advisor, attorney, and/or financial planner to make certain a contemplated gift fits well into your overall circumstances and planning. All material is presented solely as educational information and is not a solicitation or offer.