Case Studies: Highly Appreciated Assets

Scenario

A New Canaan couple has appreciated real estate and wishes to donate it to a regional nonprofit that helps senior citizens, but none of the nonprofit organizations are equipped to accept real estate.

The couple also spends half the year out-of-state and prefers to leave detailed grantmaking decisions to someone they can trust to follow their philanthropic wishes.

Solution

Give the real estate to the Foundation and receive a tax deduction on its full market value, while avoiding the capital gains tax that would arise from a sale.

The Foundation sells the real estate and uses the proceeds to contribute to an existing field of interest fund that awards grants to well-run Fairfield County nonprofits that serve our elders.

Contact Us to Get Started

To learn more about specific solutions for your clients' charitable giving, contact Juanita T. James, President & CEO, at 203.750.3200.