Many assets can be donated to the Philadelphia Foundation for credit to your fund or used in conjunction with your estate planning to support a fund that makes a difference in our region.
Important Donor Giving and Granting Deadlines
Many assets can be donated to the Philadelphia Foundation for credit to your fund or used in conjunction with your estate planning to support a fund that makes a difference in our region.
Cash gifts are deductible up to 60 percent of adjusted gross income. Claim deductions for larger gifts for up to five subsequent years.
Appreciated securities and several types of mutual fund shares can be accepted.
Shares can be accepted. Download stock donation instructions.
Life insurance policies that are no longer needed for personal financial wealth replacement can be used to establish a legacy of community support while offering tax benefits including reduced income taxes and estate taxes.
There are two options:
Distributions from an Individual Retirement Accounts (IRA) can be made directly to the Philadelphia Foundation. Under current law, you do not have to realize the distribution as income first and pay tax on it, unless you are contributing to a donor advised fund. You save on estate taxes, federal and state income taxes that could be as high as 75 to 85%.
Prized possessions such as artwork, collectibles, antiques or jewelry can be donated. The sale value of the assets can be used to create or add to a fund.
Real property such as a house, apartment building, farm, vacation home, commercial building, and income-producing and non-income-producing land can be donated. The timing is up to you:
Donating corporate stock is a cost-effective way to maximize your philanthropic options while, in many cases, minimizing your tax liability. You can:
Contribute investment or business partnerships, or family limited partnership interests.
Please contact us to learn more about how to donate various types of assets. You can also give to an existing fund today.
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