Gift Planning Process: What Assets to Give
Many gift plans revolve around a particular asset, including cash, marketable stock, bonds, real estate, retirement-plan accounts, privately held stock, life insurance, and even personal property, such as art.
Tax law encourages you to make donations in certain ways. By giving Tech certain appreciated assets in selective ways, you may receive tax benefits, such as avoiding capital-gain taxes, and you may be able to increase your income, provide education funds to your children or grandchildren, or transfer your assets to your heirs at reduced tax levels. The following are examples of assets that you may give and their associated benefits.
- Cash, Check, or Credit Card
- Gifts of Appreciated Securities: Stocks, Bonds, Mutual Funds, and Other Assets
- Closely Held Business Stock
- Life Insurance
- Tangible Personal Property: Artwork, Collectibles, and Other Items
- Retirement-Plan Assets
- Real Estate
Gift Planning officers are happy to discuss with you and your advisors creative ways of giving various assets to Georgia Tech.
Please note: Because the federal estate tax has been repealed for 2010, there is no current estate tax in 2010 for the gifts described on this page. However, the consensus opinion among professionals is that Congress will enact an estate-tax law that may be retroactive to January 1, 2010. It is very important that you seek the advice of your estate-planning attorney to determine what changes, if any, need to be made to your existing estate plans, and then again if Congress reinstates the estate tax sometime later this year.
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