Planned Giving at New York Law School

Have you held off selling appreciated assets because taxes will reduce your gains?

By contributing appreciated property, such as marketable securities, stock in a closely-held corporation, real estate, or personal property, to New York Law School you can avoid federal capital gains taxes and state and local income taxes. You also can generate a charitable income tax deduction based on the property’s fair market value for up to 30 percent of your “contribution base” (or adjusted gross income, not carrying back net operating loss deductions). Because the Law School is a non-profit organization, we can sell the assets without reductions by capital gains taxes and state and local income taxes. In addition, contributing appreciated property trims down your estate and reduces potential estate taxes upon your death.