GIFTS OF PROPERTY
Give a gift of property and help save the lives of pets in need. You may donate appreciated assets, such as real estate, stocks, or bonds to Frankie’s Friends. For property which has decreased in value since acquisition, you should first sell the asset, claim the tax loss and donate the cash proceeds to Frankie’s Friends to receive an income tax deduction.
Long Term: Gifts of long term (held for more than 12 months) capital assets are deductible at their fair market or appraised value, up to 30% of your adjusted gross income (AGI.) Any leftover amounts may be carried forward for up to five subsequent years, subject to the same 30% of AGI limitation.
Short Term: Gifts of short term (held 12 months or less) capital assets are deductible at cost basis up to 50% of your AGI. Again, any leftover amounts may be carried forward up to five subsequent years, subject to the same 50% of AGI limitation.
Because of donors like you, Frankie’s Friends Hope Fund helped Cody receive surgery for a fractured leg that his family couldn’t afford.
“With everything that has been going on, we are so very grateful for the help your organization provided for us and the contribution towards Cody’s leg surgery.” – Cody’s Family
Thank you for considering becoming a donor supporting Frankie’s Friends Planned Giving Program. Should you have any questions please contact Lisa Bricker, National Development Director, at:
lisa.bricker@frankiesfriends.com or by calling 888.465.PETS | 813.682.1346
or you can contact us using the form below.