We are comfortable with complexity.
Community Foundation of Utah has a seasoned and highly skilled team equipped to handle unique and complex transactions. We are experienced in liquidity events, real estate, gifts of private stock and public securities, and many other assets. We are here to facilitate your giving, in whatever form that takes.
The Community Foundation of Utah has experience with all kinds of unique and interesting assets. Just a few examples include:
- Real estate (including farms, homes, ownership positions)
- Private stock (including stock subject to earn-outs and promissory notes)
- Private equity fund holdings (including LP positions)
Types of Assets
Cash
Gifts of cash include currency, checks, or money orders made payable to the Community Foundation of Utah.
Public and Private Stock
Gifts of highly appreciated public securities or private stock generally qualify donors for a charitable deduction based on the value of the gift, without incurring a capital gain. The donated stocked can be gifted tax-free to a Donor Advised Fund or other fund at the Community Foundation of Utah.
Real Estate
Gifts of commercial or residential real estate allow donors to make a meaningful contribution while receiving valuable tax advantages.
Estate Gifts
Planned gifts allow donors to create a lasting legacy by creating a fund with the Community Foundation of Utah and naming the fund in their will, or as the beneficiary of any retirement plan or life insurance policy.
Private Foundations or other Donor Advised Fund Assets
Private foundations looking to alleviate the administrative burden of managing a foundation, or Donor Advised Funds concerned with succession planning, can transfer those assets to a Donor Advised Fund with the Community Foundation of Utah. Private foundations may retain their name and philanthropic goals with no tax or transfer penalty. Donor Advised Funds may establish a giving plan to support their giving long past their lifetime.
IRA Charitable Rollover
If donors are 70½ or older and have “required minimum distributions” that must be taken from an IRA, $100,000 of the annual Required Minimum Distribution from a traditional IRA can be donated to a fund held at the Community Foundation of Utah to benefit the community for years to come. While these assets cannot be contributed to a Donor Advised Fund, donors can create or add to Community Impact Funds or Initiatives or support the Community Endowmentwith the Community Foundation of Utah.
Other Assets
Additional gifts could include business interests, life insurance policies, promissory notes, royalties and distribution rights, and stock options.
For more information, contact our Philanthropic Services team at
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor.
