APPRECIATED PROPERTY GIFTS - THESE GIFTS REALLY ARE APPRECIATED

These days, there are lots of ways for you to make gifts to your local council.  If you are like most people, however, you think only of cash gifts in support of Scouting.  As valuable as cash gifts are for the council, gifts of appreciated property may be more beneficial for many people to give than cash.  

Do you have any stocks, bonds, land, or other assets that may have appreciated in value?  If you sold one of these items, you would probably owe capital gains tax on the difference between the fair market value and what you paid for the property.  This means less money for you to contribute, reinvest, or spend.

By contributing the property directly to Scouting, however, you may receive a tax deduction for the fair market value of the property you are contributing.  Even if the property has appreciated in value, you won�t owe any capital gains tax on the gift.  If you use appreciated property to create a charitable income trust, you receive the same benefits.

Whether you have stock, land, artwork, antiques, vintage cars, or other types of appreciated property, contact us about the advantages of making these gifts to your local council.  Your gifts will be appreciated, in more ways than one!