APPRECIATED ASSETS

Appreciated Asset
An appreciated asset has a higher market value than its book value or taxable value and which, upon its sale, will generate a capital gain.

  • Real Estate - A gift that can be impactful now!
    • Want to make a big gift to Tower Cancer Research Foundation without touching your bank account? Consider giving us real estate. Such a generous gift helps us continue our work for years to come. And a gift of real estate also helps you. When you give us appreciated property you have held longer than one year, you qualify for a federal income tax charitable deduction. You avoid paying capital gains tax. And you no longer have to deal with that property’s maintenance costs, property taxes or insurance.
    • Another benefit: You don’t have to hassle with selling the real estate. You can deed the property directly to Tower or ask your attorney to add a few sentences in your will or trust agreement.
  • Stock - A gift that can be impactful now!
    • Your broker can assist you in making a gift of stock via a direct transfer to Tower Cancer Research Foundation. Giving a gift of publicly traded stock that has increased in value and that you have owned for more than one year may provide greater tax benefits than giving cash. Your charitable income tax deduction is equal to the fair market value of the stock and you avoid paying the capital gains tax on any increase in the current value over the original cost of the stock. You may also save by not incurring brokerage fees because you are transferring ownership rather than selling the stock.
  • Memorials and Tribute Gifts
    • A gift that honors a life: If you have a loved one who has been impacted by Tower Cancer Research Foundation, establishing a memorial or tribute gift is a meaningful way to honor your loved one or celebrate a special occasion such as a birthday while supporting the work of our mission. Your memorial or tribute gift will be a lasting tribute to your loved one and make a difference in the lives of those we serve.
  • Endowed Gifts
    • An endowment gift to Tower Cancer Research Foundation today provides a brighter picture for our future. When you make a donation to our endowment, you give a gift with both immediate and long-term benefits.
    • Here’s how it works: Endowment donations are invested. A portion of the annual income from the investment is used to address immediate needs at Tower Cancer Research Foundation. The remaining funds are reinvested to ensure indefinite support.
  • Donor Advised Funds
    • When you contribute to a donor advised fund with appreciated securities, you may receive a federal income tax charitable deduction for the fair market value of the asset and eliminate capital gains tax. Because of our nonprofit status, Tower does not pay capital gain tax when we sell the gifted securities.
    • A donor advised fund is like a charitable savings account you set up at a qualified public charity called the “sponsoring organization.” It allows for centralized giving and gives you the flexibility to recommend how much and how often money is granted to charitable organizations. You can transfer cash or other assets to the sponsoring organization. In return, you qualify for an income tax charitable deduction for gifts to your donor advised fund.
    • You can open your own donor advised fund with a written agreement between you and the organization that gives you (or other family members) the right to recommend the distributions made from your fund. You can also create a lasting legacy by naming your loved ones as your successor to continue to recommend grants to charitable organizations, or you can name Tower Cancer Research Foundation as a beneficiary to receive all or part of the account after your lifetime.

For more information, please contact Linda David, Executive Director, at 310.299-8472 or [email protected]

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Wills and Living Trusts

  • A charitable bequest is one of the easiest ways you can leave a lasting impact.

Beneficiary Designations

  • Not only is it an easy way to give, but it’s also flexible—you aren’t locked into the choices you make today.

Appreciated Assets

  • Real Estate
  • Stock
  • Memorials and Tribute Gifts
  • Endowed Gifts
  • Donor Advised Funds

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