Cash is a frequently used asset for all forms of charitable gifts and provides the most immediate deductions. Every dollar you give will be deductible up to 50% of your adjusted gross income, if you "itemize."
The tax benefits available for gifts of highly appreciated real estate are virtually identical to those for gifts of securities that have gone up in value.
People often are surprised to learn that there are different tax results from giving different types of property.
Some of our friends find they have "hidden assets" that can help them in satisfying their philanthropic goals. Antiques, paintings and other "collectibles" – even patents and copyrights – can be valuable assets for giving.
Many of our friends own stock in their own businesses that can be given at extremely low cost, providing personal deductions that are "paid for" by the company.