When you gift assets to the Foundation you get an income tax deduction in the year the gift was made. An unrestricted gift to the Foundation means the gift will be used at the discretion of the Foundation Trustees, where the need is greatest. You provide the Foundation with the most flexibility in doing so. This type of gift is made on an annual basis and is most important in supporting the ongoing operation of Urantia Foundation. By law, the Foundation must show evidence that the gift was spent in the manner designated in the restriction.
Capital gains tax on real property or other investments can be a burden.
By donating appreciated property to a charitable organization such as Urantia Foundation, capital gains tax can be avoided with appreciating assets. In addition to getting a tax deduction, you can also provide yourself with income for the remainder of your life and for your loved ones. The full fair market value of a gift of real property or other investments can be used as a tax deduction. Any personal valuables such as jewelry, books, furnishings, or paintings that have appreciated in value can provide you with tax deductions when donated to Urantia Foundation, providing you have owned the items for at least one year. However, any excess amount of deduction not used in the current year can be carried forward for up to five years.