Yes, ImpactAssets accepts a wide range of private assets including real estate, interests in private companies or funds, and cryptocurrency. We request that donors contact ImpactAssets in advance of donating private assets so that proper arrangements can be made to facilitate a smooth and efficient process. There may be additional costs associated with processing these transactions, as described below, which will reduce the net proceeds available to The ImpactAssets Donor Advised Fund account.
In addition to accepting private assets to be liquidated, ImpactAssets may also be able to hold your existing private impact investments within your DAF account, once donated. Additional investment administration fees apply. Please contact
engagement@impactassets.org if you are interested in learning more about this process.
What are the tax considerations?
Donors may choose to donate illiquid assets because of the potential tax advantages* of doing so, which may include a tax deduction and/or reduction in capital gains tax owed*. ImpactAssets will require a third-party valuation in order to accept and record the private asset. Per IRS requirements, in order to receive a tax deduction, donors considering a contribution of private securities or property may need to obtain an independent appraisal of fair market value at their own expense in accordance with tax regulations. ImpactAssets can refer independent appraisers, or can obtain one on your behalf for an additional fee. ImpactAssets will not provide a fair market value estimate of private assets.
What is the process for donating illiquid assets:
Contact ImpactAssets at engagement@impactassets.org prior to attempting to contribute illiquid assets.
After ImpactAssets’ review and acceptance, donors may contribute appraised asset(s) and potentially receive a tax deduction*.
ImpactAssets liquidates the asset(s). Please note: In the case of highly complex assets, ImpactAssets may refer you to a third party that will manage the acceptance and liquidation of the asset (and may require additional fees).
ImpactAssets deposits the net sale proceeds in your DAF account.
You may begin recommending grants and investments.
Please reach out to engagement@impactassets.org for additional guidance on donating illiquid assets.
*There are a number of factors to consider when assessing the tax implications of giving to charity. Please consult with your tax specialist before making any donations.