Outright Gift
Example:
Donation of commercial property or vacant land
• The charitable donation is valued at current market value.
• The donor saves on income tax ...and there is no capital gains consequence.
• Asset may also include negotiable stocks and or bonds
The charitable donation is considered at present market value and avoids capital gains tax.
If assets have depreciated (ie: common stock) they can be sold at a loss for tax purposes, then the proceeds may be donated for a further deduction.