cover image: Accepted Asset Types - CASH: CHECK OR CREDIT CARD PUBLICLY TRADED

20.500.12592/jhvgnc

Accepted Asset Types - CASH: CHECK OR CREDIT CARD PUBLICLY TRADED

29 Sep 2020

CASH: CHECK Cash, usually in the form of a check or credit card, is a convenient way to OR CREDIT CARD establish or add to your fund. [...] This is because you receive several benefits: MUTUAL FUND • An immediate charitable deduction for the full fair market value of SHARES the donated assets • Exemption from any capital gains tax on the appreciation • A deduction of up to 30 percent of your adjusted gross income of the fair market value of contributed securities In addition, if the amount is larger than you can use in one year, you c. [...] The Minneapolis Foundation can be particularly helpful in the following instances: • Passing ownership of your company to children or key employees without straining available assets and liquidity • Selling your company and planning to minimize estate taxes • Getting equity out of your company to provide income • Creating a family philanthropic program using the assets of your business MINNEAPOLIS. [...] A gift of real estate that you have owned for more than a year entitles you to a tax deduction for the full fair market value of the property while allowing you to avoid capital gains tax. [...] The Minneapolis Foundation will ultimately sell the property without having to go through probate and use the proceeds to support the charitable purposes you care about most.
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United States of America