Net Proceeds from asset liquidation is placed in donor’s Foundation Fund
At TrustBridge Global Foundation, Non-Cash Giving pertains to donations of appreciated non-liquid assets toward a Foundation Fund, which is TrustBridge Global Foundation’s premier donor-advised fund.
The following are assets that a donor can give toward a Foundation Fund under Non-Cash Giving:
Appreciated Securities – Stocks, bonds, mutual funds
Business Interests – Ownership in closely-held businesses
Real Estate – Land, buildings, or other property
Personal Property – Royalties, copyrights, patents, or precious metals
Other Creative Gifts – Loan notes, estate gifts, retirement plans
And because of TrustBridge’s Global Network and giving expertise around the world, it’s possible to donate assets that are sitting in a different country than the donor’s current residence.
If you’ve ever tried to fund a charity outside your country, you know how expensive and complicated the process can be.
Donor Donates
Non-Cash Asset toward Foundation Fund (donor-advised fund); Donor receives tax receipt usually based on fair-market value of donation
TrustBridge Global Foundation Accepts the Non-Cash Asset and liquidates/sells asset at the right time for maximum value
Net Proceeds from asset liquidation is placed in donor’s Foundation Fund
Liquidated funds in Foundation Fund are available for granting to supported causes by the fund holder
While giving cash is certainly a significant way to provide impact to causes that you care about, Non-Cash Giving also has its set of advantages.
Your questions answered
This depends on the complexity of the non-cash asset as well as other factors such as the location of the asset and the desired destination. For more specific guidance, please reach out to our TrustBridge team.
Non-cash giving, such as donations of stocks, real estate, or other assets, can provide significant tax benefits for donors, like avoiding capital gains taxes and receiving a charitable deduction. However, it may involve costs like appraisal fees, legal requirements, or transfer assessments that both donors and organizations must manage effectively.
Yes, works of art can be donated to charitable organizations as part of non-cash giving. Donors may benefit from tax deductions based on the appraised value, but proper valuation, documentation, and adherence to government regulations are essential to ensure compliance.