An outright gift may include cash, appreciated securities, personal property, appreciated real estate and life insurance. Funds received from this type of gift are immediately available for our charitable activities, or you may earmark the funds for a specific charitable activity.
Outright Gifts of Cash Cash gifts include cash, check, credit card, and electronic funds transfers. If you itemize on your tax return, cash gifts are generally deductible up to 50% of your adjusted gross income. Amounts that exceed this limit can be carried forward up to five additional years.
Outright Gifts of Securities Gifts of long-term appreciated stock or mutual funds offer a quick, easy, and tax-efficient way to support the North Canton Medical Foundation, avoid capital gains tax, and receive an income tax deduction for the appreciated value.
Outright Gifts of Real Estate The North Canton Medical Foundation accepts many types of real estate gifts. These gifts allow you to avoid capital gains tax and receive an income tax deduction. Gifts of real estate are donated to the Foundation with your understanding that they will be sold and the proceeds will be used to support of our mission, unless it meets a specific strategic need of the Foundation.
Outright Gifts of Personal Property When you donate tangible property such as jewelry, artwork or rare stamps and coins, you receive a charitable income tax deduction and reduce your taxable estate. The North Canton Medical Foundation will either use your property or sell it and use the proceeds to fund our charitable efforts.
Outright Gifts