Cash and Securities
Your Benefits Depend on the Asset
Any type of asset that you irrevocably donate to a charitable organization, like the Spruce Peak Performing Arts Center, results in a current income tax deduction. In addition, there may be other tax benefits to your contribution.
Giving cash and/or securities is quite simple and if you contribute long-term appreciated securities you have the added benefit of owing no tax on the gain.
You can also give tangible personal property (like an art object, prized collection or antiques) and may be able to take a deduction for its full fair market value if the gift is related to an exempt organization (certain gifts may require an appraisal).
These are but three of the types of assets which you can donate immediately to the Arts Center. You can also use one of these options to fund a planned gift that gives you lifetime income before the Center receives the gift. There are even more potential gift assets if you plan creatively.
1. Gifts of cash result in a current income tax deduction
2. Gifts of appreciated securities also provide relief from capital gains tax
3. All contributions to the Arts Center are used to help fulfill the mission
We invite you to discuss your giving objectives and options with Nancy Jeffries-Dwyer, Director of Development, email@example.com or at 802-760-4636.
*** The information found on this site has been prepared for educational and information purposes only. The information is not intended to constitute legal advice or legal opinions on any specific matter and should not be relied upon in lieu of consultation with an attorney licensed in your state.