Contributions are deductible to the fullest extent as allowed by law.
Gifts of highly appreciated stock or other assets are some of the most tax advantageous gifts you can make:
Gift of Non-Cash Assets. You can give publicly traded stock, artwork, or other assets that have financial value through any of the gift vehicles noted above. By donating a highly appreciated non-cash asset, you also typically avoid paying taxes on your capital gains.
Gifts of Real Estate & Closely Held Stock. Contributions of these kinds of assets to the GO BO Foundation normally entitles you to deduct their fair market value. The same gift to a private foundation typically is limited to its cost basis - what you paid for the asset.
The GO BO Foundation operates as a component fund of the Door County Community Foundation. Through this partnership, the GO BO Foundation is able to minimize its administrative costs and maximize the amount available to further its mission.
As a 501(c)(3) public charity, charitable gifts qualify for the maximum tax deduction as allowed by federal law.
Gifts of Stock and other Assets