Turning Noncash Assets into Community Impact: A Nonprofit’s Guide
At Greater Houston Community Foundation, our dedicated team of philanthropic advisors is committed to maximizing the impact of every gift. We understand that donors often want to make meaningful contributions beyond cash or marketable securities, such as real estate, closely-held stock, or other complex assets. Navigating these types of gifts can be challenging, but with our expertise, donors can effectively make their contribution and support your mission.
Why Partner with Us for Noncash Gifts?
Expert Guidance
When a donor proposes a gift of real estate, closely-held stock, or other noncash assets, don’t hesitate to reach out. The Community Foundation can help determine the appropriate handling of these assets, ensuring compliance with IRS regulations and maximizing tax benefits for donors.
Ensuring Compliance & Accuracy
Valuing and accepting complex assets requires meticulous documentation and adherence to IRS requirements. We can guide you through these processes, helping donors and their advisors understand the importance of accurate valuation, which is crucial for preserving the full tax benefits of their gift.
Unlocking Significant Benefits
Gifts of real estate and closely-held stock, while complex, can provide substantial advantages. Unlike contributions to private foundations, gifts of nonmarketable assets to public charities like yours can qualify for a full fair market value charitable deduction—up to 30% of the donor’s adjusted gross income—and can help donors avoid capital gains taxes. This makes these assets attractive options for donors seeking impactful philanthropic giving.
Building a Resilient Endowment
Proactively seeking out and facilitating noncash assets can strengthen your organization’s resilience and diversify your funding base. The Community Foundation can assist you with:
- Identifying potential noncash gifts
- Managing asset liquidation and investment strategies
- Ensuring regulatory compliance and proper documentation
- Educating your staff and donors about the benefits and considerations of contributing noncash assets
Continue reading: Innovative Giving Strategies: Impact Beyond Cash
Partners in Philanthropy
By partnering with Greater Houston Community Foundation, you gain a trusted advisor dedicated to expanding your philanthropic opportunities and enhancing your organizational impact. Let us help you navigate the complexities of these gifts so you can focus on strengthening relationships and advancing your mission.
Have a noncash gift you’re unsure about? Reach out today and we’ll gladly assist you in determining the best course of action.
More Helpful Articles by Greater Houston Community Foundation:
- Understanding the Changes in Bifurcated Gifts
- Southwest Airlines®: Bringing People Together in the Air and on the Ground
- Driving Changes with Data: Key Drivers to Increase Economic Mobility in Houston
- Lily Johnson: A Young Changemaker Sharpening her Philanthropic Toolkit
This website is a public resource of general information that is intended, but not promised or guaranteed, to be correct, complete, and up to date. The materials on this website, including all comments and responses to comments, do not constitute legal, tax, or other professional advice, and are not intended to create, and receipt or viewing does not constitute, nor should it be considered an invitation for, an attorney-client relationship. The reader should not rely on information provided herein and should always seek the advice of competent legal counsel and/or a tax professional in the reader’s state or jurisdiction. The owner of this website does not intend links on the website to be referrals or endorsements of the linked entities.