Ways to Give

Which asset is the right gift? When should I give it? Gifting different assets yields different results in the areas of income, capital gain, or estate taxes. Gifting during life presents different choices than gifting through an estate. These are questions for donors and their professional advisors to discuss in detail. ETF staff can assist in making these decisions.

What assets can be given through the East Tennessee Foundation?

• Cash
• Appreciated Stock
• Unencumbered Real Property
• Shares in Mutual Funds
• Savings Bonds
• Life Estates in personal residence or farm
• Closely Held Stock (in some cases)
• Interests in Limited Liability Partnerships
• IRA's
• Life Insurance Policies
• Rights - Mineral, Royalties, etc.

Please call us if you have questions about gifting assets not listed. The ETF Board considers some gifts on a case by case basis.

Taxes

ETF offers the most generous tax savings allowed by law. Donors are allowed to deduct up to 50% of adjusted gross income (AGI) for gifts to ETF of cash, with a five-year carryover. Deductions of up to 30% of AGI are allowed for gifts of securities, property, etc. with the same five-year carryover. Gifts of appreciated assets avoid capital gains tax, allowing even more to go to charitable purposes. IRA gifts avoid income tax on the remainder and Estate gifts can eliminate estate taxes and leave more for family.

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