Planned Giving

Community Living Services2018-08-16T11:37:01+00:00

Tangible Personal Property

Tangible Personal Property Diagram

How It Works

  1. Please call us to discuss the type of tangible property, possible uses of your gift by Goldie Floberg, and getting an appraisal
  2. You receive a charitable income-tax deduction for the full fair-market value of the property if the gift's use is related to Goldie Floberg's exempt purposes
  3. If the use is unrelated to our exempt purposes or if it's understood that we will be selling the property, then the deduction is limited to your cost basis

Benefits

  • You receive a federal income-tax deduction for the fair-market value if the gift's use is related to Goldie Floberg's charitable purposes
  • You avoid capital-gain tax on long-term related-use property (Note: The top capital-gain tax rate on such assets is 28%.)
  • You provide significant support for Goldie Floberg without affecting your income

Special note: You should call or e-mail us to tell us of your intent with regards to the property, and we will be able to assist you with the details of the transfer.

More Information

Contact Us

Laura Wilkinson
Vice President of Fund Development
(815) 708-7479
lwilkinson@goldiefloberg.org

 

Goldie Floberg
4960 E. State Street, Suite 300
Rockford, IL 61108

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