The Power of Non-Cash Gifts

Maximizing Your Clients’ Philanthropy

As a professional advisor, you know that much of your clients’ wealth is held in non-cash (complex) assets such as restricted stock, privately held stock or limited partnerships. When these holdings are transferred to a fund at the Boston Foundation, they can be sold without incurring capital gains taxes and the proceeds can be given to charity—a smart approach that benefits you, your clients and the important causes they care about. 

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When non-cash (complex) assets are properly transferred to a fund at the Boston Foundation, they can be sold without incurring capital gains taxes and the proceeds can be given to charity. As a professional advisor, you know that much of your clients’ wealth is in holdings such as appreciated securities, privately held stock or limited partnerships. A non-cash transaction with the Boston Foundation is a smart approach that benefits you, your clients and the causes they care about.

THE BOSTON FOUNDATION DIFFERENCE

The Boston Foundation offers direct access to our highly experienced non-cash assets gifts teamexperts. No bureaucracy. No waiting for approvals from management. Instead, from your initial inquiry, you will work with our most senior staff and receive thoughtful, meticulous, personalized service.

WHAT TYPES OF ASSETS DO WE ACCEPT?

  • Restricted stock
  • Privately held interests (C-Corp and S-Corp stock, limited partnerships or LLCs)
  • Limited partnership interest
  • Real estate
  • IRAs, retirement accounts
  • Miscellaneous or unique assets (patents, mineral rights, royalties)
  • Tangible personal property (Bitcoin, art collections, yachts)
  • Whole life insurance policies, annuities

HOW DO YOUR CLIENTS BENEFIT?

  • Tax deductions: Gifts of appreciated securities and real estate to a Boston Foundation fund are generally eligible for a full fair market-value deduction for income and gift tax purposes.
  • Access to expertise: The Boston Foundation’s staff has deep knowledge of local nonprofits working to solve some of our region’s biggest problems. They also have strong relationships with other community foundations around the country and with international philanthropy. This allows your client philanthropic support whether they decide to grant locally, nationally, or beyond.
  • Online support: We provide easy fund services and expert grant-making assistance.

HOW DO YOU BENEFIT?

Quick, easy access: You will have access to our senior-level staff, who have decades of experience handling gifts of non-cash assets.

No complications: The Foundation handles compliance with IRS rules with due diligence and arranges for the sale of non-cash assets, freeing you and your clients from the administrative and legal burdens. In the case of all assets that are not cash or marketable securities, your client will need to provide a Form 8283 (non-cash charitable contributions report) for execution by the Foundation. Generally, your client is responsible for a gift appraisal, which the Foundation will use for valuation purposes.

HOW DO WE PARTNER WITH ADVISORS?

As one of the nation’s oldest and largest community foundations, with more than $1 billion in philanthropic assets under management, the Boston Foundation has a long history of partnering with financial, legal, wealth and other advisors to achieve their clients’ charitable goals. We understand the relationships that you have built with your clients and work alongside you to maintain a high-level of custom service. 

Note: The Boston Foundation is not a licensed tax advisor. Donors should work with their financial, tax or legal professional to determine the best charitable giving strategy for their needs.

OUR EXPERT NON-CASH ASSETS TEAM

Al Van Ranst
Vitas mori. Albus orexiss ducunt ad gabalium. Ubi est altus nomen? Liberi de castus bubo, pugna species! Persuadere diligenter ducunt ad bi-color barcas.

Alfred F. Van Ranst Jr.
Treasurer and Chief Financial Officer

Formerly a partner with KPMG LLP, where he led the information technology audit practice and the KPMG banking and finance practice in New England, Al oversees all financial reporting, information technology and operational risk management for the Boston Foundation.

George Wilson
Vitas mori. Albus orexiss ducunt ad gabalium. Ubi est altus nomen? Liberi de castus bubo, pugna species! Persuadere diligenter ducunt ad bi-color barcas.

George Wilson
Chief Investment Officer

With over 30 years of experience in the investment field, George handles our $1 billion dollar portfolio that offers top quality asset managers and returns—with a performance that is competitive with the best portfolio managers available.

Michael J. Cooney
Vitas mori. Albus orexiss ducunt ad gabalium. Ubi est altus nomen? Liberi de castus bubo, pugna species! Persuadere diligenter ducunt ad bi-color barcas.

Michael J. Cooney
Partner, Nixon Peabody

Mike is the Foundation's outside counsel.  He acts on a wide range of charitable and other nonprofit entities and those who support them, and directs Nixon Peabody’s focus on exempt organizations.

Kate Guedj
Vitas mori. Albus orexiss ducunt ad gabalium. Ubi est altus nomen? Liberi de castus bubo, pugna species! Persuadere diligenter ducunt ad bi-color barcas.

Kate Guedj
Vice President and Chief Philanthropy Officer 

Kate has been with the Boston Foundation for 18 years. In her capacity, she directs all of our development efforts and works with donors to help them achieve their charitable and philanthropic goals.

How can you get started? 

Email Vice President & Chief Philanthropy Officer Kate Guedj or call her at 617-338-2670. 

Giving Non-Cash Assets Start to Finish

The Boston Foundation is expert at turning non-cash assets into charitable gifts, offering direct and easy access to our senior level Non-Cash Assets Team. We can help you donate securities, limited partnerships, real estate, insurance and more to meet your philanthropic goals.

STEP 1:
Gather Information
STEP 2:
Receive Preliminary
Confirmation
STEP 3:
Sign the Agreement
and Transfer Asset(s)
STEP 4
Sell the Asset(s)

You identify asset(s) to contribute

Our Non-Cash Assets Team reviews the asset

If you want to set up a Donor Advised Fund with the asset(s), you complete a Fund Agreement and in some cases a Gift Agreement

TBF sells the asset(s) in accordance with an agreed upon schedule

You contact the Boston Foundation (TBF)
We give you preliminary confirmation and work with you to move forward
 
We take care of the paperwork and send you all the tax documentation you need

Your individual Donor Services Relationship Manager can then help you use your gift to meet your philanthropic goals
We ask you basic questions
to begin the process
You transfer ownership of the asset(s) to TBF in accordance with the agreement(s)

Get Started Today

Email Vice President & Chief Philanthropy Officer Kate Guedj or call 617-338-2670 to discuss the assets you would like to transfer.