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Turn Your Appreciated Assets Into a Charitable Gift

When it comes to supporting a local charity, most people write a check or give online, but in doing so, they're overlooking other types of assets that might provide even greater support for the nonprofits who do so much for our community.

At the Sioux Falls Area Community Foundation, we’ve been helping donors make gifts of appreciated assets such as stocks, securities and real estate to support their favorite nonprofits for nearly four decades.

Donating appreciated assets has always been a tax-wise philanthropic strategy. Here are the benefits and here's how it works:

When you donate appreciated assets, you essentially receive a double benefit: you eliminate capital gains tax and you also receive a deduction for the fair market value of the asset.

However, some nonprofits don't have the capacity to accept these types of complex gifts. That's why a donor advised fund at the Sioux Falls Area Community Foundation is a perfect solution.

Because donor advised funds are administered by the Community Foundation, you receive the full tax benefit when you contribute to the fund. From there, you can recommend grants to your favorite charities from the fund when the time is right. So in addition to the tax advantages, donor advised funds enable you to develop a more strategic and impactful strategy over time.

Want to learn more? We’re here to help!

This article is provided for informational purposes only. It is not intended as legal, accounting, tax or financial planning advice. Always check with your tax advisor before making any charitable gift.