A gift of appreciated property – either real estate or securities such as stocks and bonds – reduces your tax burden while promoting Hillsides' innovative programs.
When you give appreciated property to Hillsides, you earn an income tax deduction for the full fair market value of the asset at the time of the gift. If the deduction exceeds 30 percent of your adjusted gross income in the year you make the gift, the unused portion can be carried forward for five additional years.
We can Accommodate Your Needs
The donation of appreciated property offers significant tax advantages:
Appreciated Stocks, Bonds and Other Securities
Obtain a tax deduction for the full value of the security at the time of the gift without incurring capital gain taxes.
Appreciated Real Estate
You can deduct the full fair market value without being assessed capital gains taxes if you have held the property for at least one year.
Gain As You Give
Here is an example of how easy it is to give appreciated property and enjoy tax benefits:
Donor owns 30 acres of land, originally bought for $50,000. Current appraised value of the property is $250,000.
By donating this property to Hillsides, the entire capital gain of $200,000 escapes tax liability, enabling the donor to receive a full tax deduction for the entire value of the gift: $250,000.
Additionally, Hillsides can immediately use the funds from its sale of the land to support its residential treatment services and programs for vulnerable children and their families. Hillsides’ gift planning director welcomes your inquiries at email@example.com or 323-543-2800 ext. 230.