The tax benefits you receive depend on the assets you use to make a current gift. These include:
- Cash. When you make a gift of cash, you receive an income tax deduction. Cash gifts provide us with the financial means to respond to our most pressing needs.
- Stocks and bonds. By donating appreciated securities to the MedEvac Foundation International that you have held longer than one year, you completely eliminate the capital gains tax. Plus, you receive a federal income tax charitable deduction.
- Real estate. If you give real estate or land, you receive an income tax charitable deduction, eliminate long-term capital gains tax and reduce possible future estate taxes. You also avoid the hassle of selling or maintaining the property.
- Art or other personal property. These gifts provide you with an immediate income tax deduction, plus capital gains tax savings.