General Tax Facts and helpful IRS Forms
General tax facts about UNC Asheville giving include:
Your tax advantages
While most types of gifts have tax benefits, not all gifts result in the same benefits. The different types of gifts are explained in the Gift Planning website section. Some of those gifts include life income, charitable lead trusts, bequests, retirement accounts, gifts of real estate, personal property, securities, and IRA rollovers.
The UNC Asheville Foundation qualifies as a public charitable organization and meets the requirements of Internal Revenue Code Section 501(c)(3). You may deduct your gifts to the highest limits allowed for Federal income or estate tax purposes.
Your Estate Tax Deductions
Your estate gifts are deductible at 100 percent of the value of your donated assets.
Helpful IRS information
Here are links to several helpful forms and publications at IRS.gov. The Internal Revenue Service webpage on Contributions (Topic 506) includes links to IRS Publication 526 (Charitable Contributions), IRS Publication 561 (Determining the Value of Donated Property), and IRS Form 8283-Noncash Charitable Contributions(.pdf format).