Gifts-in-kind donations are made in the form of an asset or property that has real value and is not a gift of cash. The most common gifts-in-kind are securities such as stock, bonds, mutual funds or donations of real estate.
Benefits of a gift-in-kind:
- Significant tax savings
- Avoid capital gains tax on securities
- Receive a charitable tax receipt for fair market value to use for the current taxation year or to be carried over for a maximum of five years
- Excellent tax planning strategy when considering downsizing, retirement or at estate time
- Have the satisfaction of seeing your gift at work today