iGiftFund can accept a wide range of assets. These include: Cash Publicly traded securities including stocks, bonds, mutual fund shares Restricted and controlled stock Privately-held securities (“C” or “S” Corp shares, LLC of LP interests) Real estate Life insurance policies Private foundation grants or terminations Bequests The named beneficiary of charitable remainder trust or charitable lead [...]
Upon review, we can accept and hold assets in kind. When they’re eventually sold, you can recommend how you’d like to reinvest the proceeds.
A contribution becomes a donation when the assets leave your control and become the property of the iGiftFund. For a check, it’s generally the post-marked date on which it was mailed. For noncash, it’s generally the date on which the contributed assets appear in the iGiftFund’s investment account, or when the title transfers.
The most tax-effective contributions are appreciated securities that you have owned for more than one year. You’ll avoid any capital gains tax on the securities, and you’ll receive the highest income tax deduction available—better than those of a private foundation.
Anyone can make tax-deductible charitable contributions to your fund. Contributions are tax-deductible for the donor and must meet the criteria outlined in the Program Description and Guidelines.
When a contribution is received and accepted, iGiftFund will deposit the proceeds of the contribution into your donor-advised fund, and will work with you or your recommended investment advisor to liquidate and reinvest the proceeds, or hold the assets in kind.
Because of iGiftFund’s public charity status, your contributions qualify for the highest tax benefits available: You receive an immediate and maximum income tax deduction. You avoid capital gains tax. Your fund is not subject to estate taxes. Assets in your fund can grow tax free. If you are subject to alternative minimum tax (AMT), your contribution [...]
Typically, your account is open within 24 hours, and funded upon the receipt of your contribution. On some occasions (particularly if assets are being transferred from one financial institution to another), the process can take anywhere from two to six weeks. If you’re concerned about timing, we recommend that you contact your advisor and encourage the [...]
Yes. We have extensive experience in accepting complex and hard-to-value assets. Please contact us early in your planning process. Our experience in accepting complex assets is among the longest in the industry. We will work with you and your trusted advisors to coordinate asset transfers and gift acceptance.