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251 East Antietam Street
Hagerstown, MD 21740
301-790-8631
TDD: 1-800-735-2258

  
Ways of Giving
The Alternative Gift Asset: A Gift-in-Kind

A gift-in-kind is typically an item or a service that you donate to a charitable organization, like Washington County Hospital. Such gifts are likely to be tangible assets; things you can put your hands on, carry or place in your attic, as opposed to cash, stocks or real estate. Commonly, people donate furniture, jewelry, books, stamps or artwork.

The rules regulating gifts-in-kind differ from those governing other assets, such as cash or securities. The most important information for a donor to know is if Antietam Healthcare Foundation can use the gift to further our tax-exempt purposes.

While donors may elect to sell their tangible assets at auction and give the proceeds to Antietam Healthcare Foundation, they may be better served from a tax perspective, however, if they give the property directly or leave a valuable work of art to Antietam Healthcare Foundation in a bequest, while continuing to retain and enjoy possession of it during their life. To make a donation, please call the Foundation office at 301-790-8631.


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