"While gaining in popularity, there is still a broad lack of understanding of the benefits and the option of donating these assets to charity, and a perceived complexity around the process for doing so," said Karla Valas, managing director of the Gift Fund's Complex Assets Group.
Fund has the in-house resources to make this process simple for donors and advisors and has built an expertise in this area since our inception 20 years ago."
added that with the recent significant growth in donations of these assets, the Gift Fund
has expanded its staff of internal experts in complex assets to provide technical guidance for advisors and donors through its consultation service and advisor seminars.
Complex assets are typically highly appreciated and donating them to charity before a potential sale transaction allows the donor to minimize capital gains tax on the sale of the asset.
In addition, by donating these assets to a public charity, like a donor-advised fund, donors can deduct the current market value of the asset.
"Donor-advised funds are uniquely suited to accept donations of illiquid assets especially when a donor has a time-sensitive need, wants to fund multiple charities and/or hasn't decided on charitable recipients," said Valas