Outright Transfers
An outright transfer is what comes to mind for most people when they think of making a charitable gift. It entails simply donating an asset directly to Medical Teams International.
Cash
If the asset is cash, you simply write a check or authorize a wire transfer. You can also donate cash via credit card, which can garner you additional benefits such as frequent flier mileage. With cash, you receive an income tax deduction for the value of your contribution, with certain limitations that depend on your adjusted gross income.
Securities, Stock and Real Estate
The same generally holds true if you give assets such as publicly-traded securities, closely-held stock or real estate that have increased in value over the years. An added benefit of contributing these assets is that you avoid paying tax on any of the capital gain.
For more information, please see the example of an outright transfer.
In addition, you can draw on many other types of assets to make outright transfers, although sometimes this may involve liquidating the asset first and then contributing cash. To learn more, follow the various links on the giving options page.
If you have questions, please contact Linda Ranz at 425.284.1941 or lranz@medicalteams.org.
| The information on this Web site does not constitute legal, financial, tax or estate planning advice and
should not be relied upon as a substitute for such advice. Medical Teams International encourages you to
seek the counsel of your own professional adviser as you determine how to proceed. | |