Gifts-In-Kind
You or your company can contribute a product that is needed rather than donate the money to purchase it. You can also donate personal property such musical instruments, livestock, furnishings, manuscripts, works of art, and rare books. Items must relate to the purpose and function of the area to which they are being donated. Real estate gifts include farm or ranch land, apartment buildings, development lots, and businesses. A real estate gift usually entitles you to a tax deduction for the appraised value, and in most cases you will not have to pay a capital gains tax.