What Assets Can I Give?
The simplest way to support is through cash gifts. But creative gifts of assets can include stocks, bonds and property (real estate and personal property such as artwork). These can not only provide you with charitable deductions, but often offer additional tax savings as well.
Gifts of Appreciated Securities: Stocks, Bonds, Mutual Funds and Other Assets
Tangible Personal Property: Artwork, Collectibles and Other Items
Please note: The federal estate tax is currently back in effect through the end of 2012. The top tax rate is now 35%, and the exclusion amount is $5,120,000 per person and $10,240,000 per married couple. Any exclusion amount not used by a spouse who dies after December 31, 2010, is portable and generally may be used by the surviving spouse. It is very important that you seek the advice of your estate-planning attorney to determine what changes, if any, need to be made to your existing estate plans.
