What is this?
People who own patents or copyrighted material will often receive a stream of income for owning the asset, and during life or at their passing, the income continues on.
Who is it a good option for?
It is good for people who don’t want or need that royalty income stream, are charitably inclined, and may want a charitable income tax deduction (during life).
Financial Benefits
The charitable income tax deduction is a benefit, as well as removal of the income stream from the estate.
What do interested parties need to prepare for a meeting?
Bring all the information on the source of the income, the income history, and the most recent tax return, as appropriate.
Non-cash gifts allow donors to make a significant impact on their favorite causes, but most nonprofits aren’t equipped to accept goods such as real estate, privately held stock, etc. We make it easy to turn your goods into charitable gifts.
