Summit Daily:  “When it comes to charitable contributions, cash isn't necessarily king. The familiar three-legged stool metaphor as applied to philanthropy planning might include: 1) How much shall we plan to give? 2) Which causes will we support? and 3) What kinds of property shall we use to fund our contributions?

Charitable contributions are typically funded with cash; especially for people engaged in so-called “check book” philanthropy, who make contributions as part of their annual giving budget. But more significant gifts can be made of virtually any kind of property, each of which may have advantages in the form of special tax or estate planning considerations. Gifts can be made of securities, personal property such as jewelry or artwork and, increasingly, of real estate.”