Contributions of Any Immediate Asset.
Cash or Check
The most common way to make an immediate gift is by giving cash or writing a check. This type of cash gift provides immediate liquidity and flexibility for Wesley Woods at New Albany and generates a charitable income tax deduction for a donor in the year of the gift.
Stocks or Bonds
This option may provide greater tax benefits. If you have owned securities for more than one year and the fair market value has increased since you purchased them, you can avoid capital gains tax and receive a charitable income tax deduction equal to the fair market value.
A gift of real estate that has been held for more than a year also has the advantage of providing you with a charitable deduction based on the current fair market value, as well as bypassing capital gains tax on the appreciation.
How the Development Office Can Serve You
If you have questions or need additional information, please contact the Wesley Woods Development Office at (614) 656-4100 or email@example.com. We look forward to talking with you!