These gifts can receive the same tax treatment as gifts of securities; no capital gains tax plus deductibility at fair market value. Gifts of art, furniture, books, stamps, coins, libraries and other collections must have values assessed by properly accredited appraisers retained by the donor for appropriate gift tax credit. The Alabama 4-H Club Foundation, Inc., cannot, by law, verify values.

Usually, the Alabama 4-H Club Foundation, Inc., will accept gifts of real estate if no restrictions are placed on selling the property. You can also transfer title of a personal residence or farm to the Foundation and retain the right to live in or use the property for life. After the death of a surviving spouse, the property comes to the Foundation. A current gift of a home or farm with retained life possession gives the same tax benefits as a gift by request–plus immediate income tax savings. Probate costs may be saved as well.

Gifts of property whose value has declined since acquisition should never be transferred directly to the Alabama 4-H Club Foundation, Inc. It would be more beneficial to sell the property, take the deductible loss, donate the money, and receive the charitable tax deduction for the amount of the cash gift.

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