Give Now, or Give Later? What Assets to Give?

Cash

Cash is the easiest transaction for both you and us. You are limited only by your cash flow and your inclination to draw from your cash reserves. 

But you may have other assets that would cost you less to make a gift of the same value:

Appreciated securities

Get the same tax deduction as if you had given cash, but use stocks or bonds that cost you less than they are currently worth. Your deduction is based on market value, but you incur no capital gains liability on the transfer to us: It’s one of the best tax incentives left, and we can work with your broker to make a gift of securities simple.

Real estate

Gifts of land, vacation homes or income-producing properties can bring great benefits to us. We have to review each gift proposal carefully and sometimes it’s not practical for us to accept. You can give real estate outright, transfer it in a part sale/part gift arrangement, use it to fund a life-income gift, or give your residence and reserve the right to continue to live there.

A retirement account

The balance remaining in your retirement account after your death is subject to double taxation if it passes to your heirs: it’s taxed both as income and as an estate asset. Result? Over 75% of the account value may go to taxes. It’s a better plan to designate the remainder of your account to us, and then use other assets for gifts to your family. New regulations simplify the procedure of naming a charity as beneficiary, and we are ready to help you plan this gift.

Appreciated assets

You may be holding a book collection or artwork that you no longer wish to maintain. Instead, these assets could bring real benefit to us. There are particular IRS requirements to meet before you can deduct a gift of appreciated assets. And, we will review each gift proposal carefully to make sure that we can put the asset to good use.

Business interests

A partnership, an interest in a business, shares of closely held stock, or a limited partnership share may all hold value for us. We’ll review the proposed gift, and if we agree will work with you and your advisors to make the transfer simple.

Please call The College of New Jersey Gift Planning Office at 609-771-3285 or 609-771-2393, or e-mail kubik@tcnj.edu for more information.