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Use appreciated assets to enhance your giving
Stocks and bonds are not the only forms of appreciated property that receive favorable tax treatment when they are
donated to InterVarsity. The IRS also allows donors of appreciated real estate and artwork to contribute them and
receive a deduction for their full fair market value. These gifts do raise more tax and policy issues than contributions
of stocks and bonds, and we ask any of our friends who may be considering such a gift to contact our office first.
Gifts of real estate
InterVarsity is happy to consider gifts of both commercial and residential real estate. We gratefully review each
offer in conjunction with the Treasurer's Office, which evaluates the condition and marketability of the property.
Some of InterVarsity's most significant gifts over the years have been gifts of real estate.
Real estate may be transferred through several means.
Outright Gifts:
The donor may contribute the property outright to InterVarsity.
Life Estates:
With residential real estate she may contribute property to InterVarsity and retain the right to live there for her
lifetime.
Trust:
Finally, she may contribute the property and receive lifetime income from InterVarsity in return (see "Gifts that
Return Income" below). In each case, proceeds from the property would be directed to the InterVarsity programs of
the donor's choosing.
Gifts of real estate to InterVarsity are deductible at their fair market value. The donor is responsible for securing an
appraisal to substantiate his or her deduction. Our office can assist the donor in following the IRS-required procedures
for this appraisal.
Gifts of partnership interest
Gifts of transferable partnership or business interests can benefit both you and InterVarsity.
Partnership interests can be used to fund outright gifts or, in certain cases, life-income arrangements such as Charitable
Remainder Trusts. They can be given during your lifetime or at your death through your estate. Gifts of partnership
interests qualify for a charitable deduction based on (but not necessarily equal to) the difference between your share of
the fair market value of the partnership’s assets and your share of the partnership’s liabilities. InterVarsity
accepts gifts of general and limited partnership interests in real estate and limited partnership interests only in other
kinds of property and businesses. (i.e., real estate partnerships, oil and gas partnerships, general business partnerships,
and Limited Liability Company interests). Gifts of partnership interests involve issues of valuation, suitability of
InterVarsity as partner, transfer restrictions, unrelated business income, and tax consequences to the donor.
InterVarsity can also facilitate gifts of business interests - C-Corp or S-Corp transactions - as part of an outright
gift or estate plan strategy.
Gifts of books and artwork
InterVarsity is receptive to gifts of books, artwork and collectibles that meet these requirements:
- The donated pieces must be related to the InterVarsity's Christian mission, and:
- The donor must secure an appraisal of the pieces, conducted by an independent appraiser who was not originally
involved in selling the pieces to the donor. InterVarsity can assist the donor in following the IRS-required
procedures for this appraisal.
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Submit a confidential reply form
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InterVarsity Christian Fellowship/USA® does not offer legal
or tax advice for your gift plans, but we do strive to provide helpful educational
information and also strive to work carefully with you and your advisors to
help you to accomplish your charitable goals.
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