You can give Connecticut Children's Medical Center Foundation
investment partnership shares or closely-held stock, as an outright transfer or to fund a life-income gift. Such a gift should be carefully reviewed by your legal and tax counsel first, and we will also assess it before we proceed.
How it works
You transfer a valuable painting, antiques, collectibles or other personal property to Connecticut Children's Medical Center Foundation.
After the transfer, Connecticut Children's Medical Center Foundation may elect to hold the property and display or use it in the furtherance of its mission. Another option is for Connecticut Children's Medical Center Foundation to sell the property at some point in the future and use the proceeds for its programs.
Benefits
You receive gift credit and an immediate income tax deduction for the appraised value of your gift and pay no capital gains tax, provided your gift satisfies the "related use" requirements of the IRS.
In certain cases, you can use personal property to fund a life-income gift that provides you with income now and benefits Connecticut Children's Medical Center Foundation.
You can have the satisfaction of making a significant gift now to Connecticut Children's Medical Center Foundation without adversely affecting your cash flow.
