Diagram Description Smart gift planning combines charitable intent with cost-efficient planning techniques. Of critical importance is the kind of asset used to fund the gift. Usually, long-term appreciated property can generate the most favorable tax benefits. Reason: Gifts of such property provide a double benefit—a charitable deduction, in most cases, for the full fair-market value of the property—plus avoidance of any potential capital-gain tax. The chart below illustrates the additional tax savings from a gift of appreciated assets. Cash Appreciated Property A. Fair-Market Value $10,000 $10,000 B. Cost Basis 10,000 4,000 C. Capital Gain 0 6,000 D. Capital-Gain Tax (15%) 0 900 E. Charitable Deduction 10,000 10,000 F. Actual Tax Savings* (24%) 2,400 2,400 G. Total Tax Savings (D+F) 2,400 3,300 *The exact amount that can be claimed as a charitable deduction depends on two factors: the total amount of charitable gifts a donor makes in a given tax year (including the deduction described here) and the donor’s adjusted gross income. Request an eBrochure Request an eBrochure with more information about this gift. Which Gift Is Right for You? Find out which gifts match you best with our Life Stage Gift Planner™. Contact Us FSU Foundation Office of Gift & Estate Planning 325 W. College Ave. Tallahassee, FL 32301 (850) 644-6357 giftplanning@advance.fsu.edu Federal Tax ID #59-6152180 Back © Pentera, Inc. Planned giving content. All rights reserved. Disclaimer