SHARE

The Power of Non-Cash Gifts

The Smart Way to Maximize Your Philanthropy

When non-cash assets are transferred to a fund at the Boston Foundation, they can be sold without incurring capital gains taxes and the proceeds can be directed to charity. Many donors liquidate non-cash assets, such as appreciated securities or restricted stock, to support their favorite nonprofits or cause—in the process diminishing the power of their gift. A non-cash transaction with the Boston Foundation is a smart approach that benefits you and the causes you care about, and assures that you will be supported throughout the entire giving process..

THE BOSTON FOUNDATION DIFFERENCE

The Boston Foundation offers direct access to our highly experienced Non-Cash Assets Team. 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. We stand ready to provide philanthropic support to you after the transaction to ensure that your goals are achieved.

Our Non-Cash Assets Process

WHAT TYPES OF ASSETS DO WE ACCEPT?

  • Publicly traded securities
  • Restricted stock
  • Privately held interests (C-Corp and S-Corp stock, limited partnerships or LLCs)
  • Private equity interests
  • Real estate
  • IRAs, retirement accounts
  • Miscellaneous or unique assets (patents, mineral rights, royalties)
  • Whole life insurance policies, annuities

HOW DO YOU BENEFIT?

  • Tax deductions: Gifts of appreciated securities and other long term capital gain property to a Boston Foundation fund are generally eligible for a full fair market value deduction for income and gift tax purposes.
  • Greater impact: Because the non-cash assets are sold by the Boston Foundation, they generally do not generate capital gains taxes. As a result, you have more resources to direct to the causes you are passionate about.
  • Access to philanthropic expertise: Whether you are just beginning your philanthropic journey or possess a high level of clarity and sophistication, our relationship managers will sit down with you to discuss your ideas, values and the issues that are most important to you. In addition to being welcomed into our vibrant donor community, you will have access to workshops and events designed to equip you with the information and tools you need to maximize the impact of your philanthropy. Boston Foundation staff members have deep knowledge of local nonprofits working to solve some of our region’s biggest problems. They also have strong relationships with other community foundations across the country and with international philanthropy, thereby providing you with support whether you make grants locally, nationally or internationally.
  • Online support: We provide easy fund services and expert grant-making assistance.

How can you get started? 

Email our Senior Director of Gift Planning and Advisor Relations, Emma B. Penick, MBA, or call 617.338.2340 to discuss the assets you would like to transfer.

Note: The Boston Foundation and its staff do not provide legal, tax, or financial advice. Donors should seek their own legal, tax and financial advice in connection with gift and planning matters.

Our Non-Cash Assets Team

Kate Guedj
Kate Guedj, Senior Vice President and Chief Philanthropic Officer

Kate directs all of our development efforts and works with donors to help them achieve their charitable and philanthropic goals. She shepherds the Boston Foundation’s most complicated non-cash asset transactions and has spoken on non-cash assets to the Planned Giving Group of New England, the Massachusetts Society of CPAs and the Boston Estate Planning Council.

Emma Penick headshot
Emma B. Penick, Senior Director of Gift Planning and Advisor Relations

With a background in strategy consulting, nonprofit management and major gifts fundraising, Emma joined the Foundation in 2017. Emma is your first point of contact as you or your clients are contemplating gifts of non-cash assets. She has been involved in non-cash asset gift considerations including personal residences, summer homes, Bitcoin, artwork, jewelry and privately held business interests. Emma earned her A.B. in Sociology from Princeton University, Magna Cum Laude, and her MBA from Harvard Business School.

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

Al oversees all financial reporting, information technology and operational risk management for the Boston Foundation. Al has worked closely with Chief Investment Officer George Wilson over the past ten years to successfully complete the donation and subsequent sale of many complex asset transactions. Donations have included a wide range of assets, such as single family and commercial real estate properties, various interests in private operating companies, a cruise ship and an interest in a cogeneration power plant.  

George Wilson
George Wilson, Chief Investment Officer

George has been active in the investment industry for over thirty years. He handles our $1 billion dollar portfolio that is comprised of top quality asset managers. George and CFO Al Van Ranst have worked closely together over the past ten years to successfully complete the donation and subsequent sale of many complex asset transactions. Donations have included a wide range of assets, such as single family and commercial real estate properties, various interests in private operating companies, a cruise ship and an interest in a cogeneration power plant.

Michael J. Cooney
Michael J. Cooney, Partner, Nixon Peabody

Serving as the Foundation’s outside counsel, Mike is one of our nation’s pre-eminent attorneys dealing in gifts of non-cash assets. He has worked on gifts of virtually all types of non-cash assets from real estate, to privately held business interests, to private equity, to personal property, to mineral rights, royalties, patents, and more. Mike’s work with non-cash gift  transactions has been highlighted in The Chronicle of Philanthropy. He was selected by his peer attorneys as the non-profit/charities law “Lawyer of the Year” in Washington, D.C. by “Best Lawyers” in 2017 and 2019.

How can you get started? 

Email our Senior Director of Gift Planning and Advisor Relations, Emma B. Penick, MBA, or call 617.338.2340 to discuss the assets you would like to transfer.