You convey a partnership interest to the American Red Cross.
Depending on the circumstances, the Red Cross may choose to continue the partnership interest or to sell it and use the proceeds for its programs.
Benefits
You receive gift credit and an immediate income tax deduction for the appraised value of the donated partnership interest, net of any liabilities that might pertain to it.
Under certain conditions, you may be able to gift a partnership interest to a life-income arrangement, such as a FLIP Unitrust.
You can have the satisfaction of making a significant gift that benefits both you and the Red Cross during your lifetime.
