What are the Primary Types of Assets that I can Gift?
The most common gifts tend to be cash or appreciated investment securities, but there are a variety of assets that may be gifted, including:
· Securities or investments
· Shares in a closely-held business
· Life Insurance
· Real Estate
· Personal Property (artwork, coin collections, etc.)
One of the most tax-efficient gifts is that of a retirement account (IRA, 401-k, etc.) where an asset sale is a taxable event to an individual beneficiary, but may not be for a charitable organization. A Donor-Advised Fund (DAF) is another way to direct charitable gifts, either during or after your lifetime.