Recent Gifts
What follows is a limited sampling of non-cash donations received in the last
12 months along with our charitable fees and the donation's unique
attributes.
Below these gifts is a list of additional non-cash donation referrals and
current cases.
Like all charities, Dechomai charges fees for accepting, managing, liquidating
and distributing non-cash gifts. Unlike other charities, however, Dechomai
does not retain the proceeds indefinitely, nor does Dechomai receive
operating contributions from any other source and therefore must charge its
charitable administrative fee up-front. The fees cover our marketing, legal,
accounting, administrative and processing costs attributable to the individual
gift as well as general overhead for the Foundation. We are proud that these
fees have averaged only 2.2% since our inception on an average gift size of
$2.3 million (median gift is $1.4 million).
Two Paintings
Value: $450,000
Charitable Fee: 2.4%
Unique Attributes: Related-use tax issues, holding period of two days, sold at
Sotheby's auction, auction price was exempt from sales tax since Dechomai
filed appropriate charitable paperwork with New York City.
Professional Sports Franchise, LLC
Value: $1.4 million (partial interest)
Charitable Fee: 3%
Unique Attributes: Unrelated business taxable income issues, sold one
month after transfer.
Two Vacation Homes
Value: $800,000
Charitable Fee: 2.8%
Unique Attributes: Outright ownership, both sold within 45 days.
Southwest Raw Land
Value: $10 million
Charitable Fee: .9%
Unique Attributes: Outright ownership, expected holding period of four
months, coordinated with charitable remainder trust donation.
Real Estate General Partnership
Value: $200,000
Charitable Fee: 7.5% (the minimum $15,000 fee at that time, now minimum is
$10,000)
Unique Attributes: Liability associated with general partnership, apartment
complex, sold two days after receipt.
Limited Partnership with Real Estate
Value: $850,000
Charitable Fee: 2.8%
Unique Attributes: One week holding period.
Seat on a Financial Exchange (facilitated in 2003)
Value: $1.4 million
Charitable Fee: 2.0%
Unique Attributes: Prohibition against charitable transfers, worked with
General Counsel for three months to change Exchange's membership
agreement, seat was sold one day after receipt.
Sample Asset Referrals and Current Non-Cash Cases
12 months along with our charitable fees and the donation's unique
attributes.
Below these gifts is a list of additional non-cash donation referrals and
current cases.
Like all charities, Dechomai charges fees for accepting, managing, liquidating
and distributing non-cash gifts. Unlike other charities, however, Dechomai
does not retain the proceeds indefinitely, nor does Dechomai receive
operating contributions from any other source and therefore must charge its
charitable administrative fee up-front. The fees cover our marketing, legal,
accounting, administrative and processing costs attributable to the individual
gift as well as general overhead for the Foundation. We are proud that these
fees have averaged only 2.2% since our inception on an average gift size of
$2.3 million (median gift is $1.4 million).
Two Paintings
Value: $450,000
Charitable Fee: 2.4%
Unique Attributes: Related-use tax issues, holding period of two days, sold at
Sotheby's auction, auction price was exempt from sales tax since Dechomai
filed appropriate charitable paperwork with New York City.
Professional Sports Franchise, LLC
Value: $1.4 million (partial interest)
Charitable Fee: 3%
Unique Attributes: Unrelated business taxable income issues, sold one
month after transfer.
Two Vacation Homes
Value: $800,000
Charitable Fee: 2.8%
Unique Attributes: Outright ownership, both sold within 45 days.
Southwest Raw Land
Value: $10 million
Charitable Fee: .9%
Unique Attributes: Outright ownership, expected holding period of four
months, coordinated with charitable remainder trust donation.
Real Estate General Partnership
Value: $200,000
Charitable Fee: 7.5% (the minimum $15,000 fee at that time, now minimum is
$10,000)
Unique Attributes: Liability associated with general partnership, apartment
complex, sold two days after receipt.
Limited Partnership with Real Estate
Value: $850,000
Charitable Fee: 2.8%
Unique Attributes: One week holding period.
Seat on a Financial Exchange (facilitated in 2003)
Value: $1.4 million
Charitable Fee: 2.0%
Unique Attributes: Prohibition against charitable transfers, worked with
General Counsel for three months to change Exchange's membership
agreement, seat was sold one day after receipt.
Sample Asset Referrals and Current Non-Cash Cases
- Operating Partnership Units from an UPREIT Exchange
- 88 Trophy-Mounted Big-Game Animals from Estate
- 727 Plane for Tsunami Relief
- Private Stock Transaction with ESOP Purchase
- International Real Estate in France, Australia, New Zealand and Mexico
- Hall of Fame Baseball Contract and World Series Ring
- Coal Rights
- Foreign Currency-Denominated Bond
- Closely-Held C-Corporation Stock
- Closely-Held S-Corporation Stock
- Various LLC and LP Interests
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Dechomai Foundation, Inc.