| Cash - Cash is the simplest and
easiest way to make a contribution to the Georgia
Southern University Foundation. It is not subject to
gift or estate taxes and you can deduct the gift
amount on your federal income tax return.
Tangible Property - This includes such items as
works of art, antiques, books, gems, etc. You may give
an item whether or not it has increased in value since
you obtained it. Perhaps the greatest tax benefits
come when the donated object is what the Internal
Revenue Service considers long term capital gain
property. This simply means an asset has
appreciated in value and you have held it for a
certain length of time. If the property is related to
our tax exempt mission, the donation of capital gain
property is not subject to capital gains taxes.
Intangible Personal Property -
Intangible property cannot be seen or touched. Such
property includes copyrights, patents, contracts,
promissory notes, royalties, trademarks and the like.
Unlike tangible property, intangible personal property
does not have to be evaluated for its relevance to our
tax exempt mission to be used as an income tax
deduction.
Securities - With some
limitations, you can deduct the full fair market value
of long term appreciated securities - that is,
securities you have owned a certain amount of time
(typically longer than one year) and that have
increased in value. Thus you can donate appreciated
property and usually avoid the tax on the gain. Click here for stock transfer instructions.
Real Estate - Almost any type
of real property (e.g. a personal residence, a farm, a
vacation home, a commercial building or an undeveloped
parcel of land) may be donated to the Georgia Southern
University Foundation. Gifts of real estate can be
made either outright or as a deferred gift.
Inherited Property - People are often surprised
when they are named in the will of a relative. If you
find you do not need the property, you may wish to
think in terms of giving that property to a charitable
organization. |
