3103 Manatee Ave West, Bradenton, FL 34205
Office: 941.747.7765 - Fax: 941.747.7899

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 »    Wednesday, February 22, 2012
Types of Gifts
Virtually any asset can be used to establish a fund at the Manatee Community Foundation.  Among the most common types of assets used are:
Cash  This is the easiest way to contribute and may qualify for maximum allowable income tax deductions.

Stocks and Bonds If securities are highly appreciated, they may be given so the donor can deduct the full fair market value as a charitable contribution and thus avoid capital gains tax on the appreciation.

Real Estate May also be given at appraised value so the donor can receive a full charitable deduction and avoid capital gains taxes. 

Life Insurance Can be used to create a major gift at relatively low cost to the donor. If the Manatee Community Foundation is named owner or beneficiary of a new or existing policy, the donor receives a tax deduction. Additional premiums paid through the Foundation are tax deductible, and proceeds pass to charity, free of estate tax. A special publication is available through the Foundation on all the advantages of contributing Life Insurance.

Closely-held Business Interest Can be gifted to the Manatee Community Foundation creating a donor advised fund.  This can often help minimize the tax implications of the sale or closure of a business.