A gift of long-term appreciated assets can be highly beneficial for both you and the American Council of Learned Societies. Common examples include publicly traded securities, real estate, and personal property. By donating appreciated assets such as these, you may enjoy several advantages:
- Immediate Tax Deduction: In the year of your gift, you may claim an income tax charitable deduction for the fair market value of your gift, subject to IRS limitations. You can carry forward any unused deduction for up to five additional years.
- Avoid Capital Gains Tax: By donating appreciated property, you may avoid capital gains tax on the appreciation, reducing the cost of your gift.
- Estate Tax Benefits: A gift of appreciated assets may reduce your estate size, potentially lowering the tax on your estate.
- Immediate Impact on the American Council of Learned Societies’s Mission: Your contribution will have an immediate and lasting impact on the American Council of Learned Societies and its mission.
Giving Stocks, Securities, and Mutual Funds
When you donate appreciated stocks, bonds, and mutual funds, you can avoid taxes on your capital gains while also taking an income tax deduction for the fair market value of the shares. To maximize these benefits, the IRS requires:
- Holding Period: You must have owned the asset for over one year.
- Direct Transfer to the American Council of Learned Societies: Instead of selling the shares and giving the proceeds, transfer the shares directly to the American Council of Learned Societies to avoid capital gains taxes. As a tax-exempt organization, the American Council of Learned Societies will not owe taxes when it sells these shares.
Please inform us once you’ve instructed your broker to transfer the shares so we can coordinate accordingly.
Real Estate Donations
You can donate real estate to the American Council of Learned Societies. Contact us to learn more about thins giving option.
Donating Personal Property
You may also donate valuable tangible property, such as artwork, antiques, or vehicles. For more information on giving personal property, please contact us.
Consult with Your Advisors
We encourage you to speak with your financial and tax advisors before making a gift. The IRS offers tax incentives for charitable giving, enabling you to support a cause you value while potentially reducing your tax burden.
Thank you for considering a generous gift to help sustain the American Council of Learned Societies.