NON-CASH GIFTS OF PROPERTY, INVESTMENTS AND DISTRIBUTIONS
Immediate benefits to Newman and to you

As a fully qualified charitable religious institution, Newman is able to accept the direct donation of non-cash items of value, which gives you the advantage of an immediate tax benefit in the form of a charitable deduction of the fair-market value of the gift, while simultaneously providing Newman with useful income for current operating expenses or as a pledge to our endowment.

How does it work?  For example, if you buy a stock at $100 and its value appreciates to $500 within ten years, when you sell it, you pay tax on the $400 capital gains as if it were income to you.  However, if you give that stock to Newman at the end of the ten years, Newman gets the total $500 value of the stock AND you get to deduct the full $500 contribution to Newman as a charitable contribution in the year of the gift.

Non-cash gifts include but are not limited to financial assets such as stock and bonds, but also include real estate, such as land, your home or other residences, as well as fully paid permanent life insurance policies with a cash value;  material items such as cars, boats and other vehicles, along with other valuable items of personal property such as jewelry or artwork. 

For those 73 and older and now retired, another  form of long-term giving which provides a immediate favorable tax advantages is a “qualified charitable distribution” allows you to make a direct tax-exempt donation to Newman directly from your retirement account.  Such an arrangement is especially useful if you are a regular donor to Newman but are now subject to a required--and taxable--minimum distribution (RMD).  By shifting your regular donation to a direct qualified charitable distribution, Newman continues to receive your generosity regularly and your donation (because it comes directly from your tax-sheltered account to Newman as a charitable contribution) is now exempt from income tax, satisfies your RMD requirement AND can be counted as a charitable deduction, subject to IRS limits related to your income.