The IRS reported in 2006 that $5.9 billion of real estate and $829 million in art and collectibles was donated in 2003. This number continues to increase dramatically. Despite the fact that gifts of noncash assets are growing significantly, little information exists about such gifts and how to develop programs to solicit them. This article provides readers with a framework and addresses why gifts of real estate, art, and personal property are important, how such gifts can be made, and how to develop a fundraising program for real estate, art, and personal property.

In Rev. Rul. 2026-11, the Service announced the Section 7520 rate for June will remain at 5.0%. The average rate for 2025 was 4.95%, while the average rate for 2026 is 4.77%.

The IRS has announced the Applicable Federal Rates for June 2026, including the Section 7520 rate of 5.0%.

In Buckeye Institute v. IRS, the U.S. Court of Appeals for the Sixth Circuit (Court) heard arguments on April 29, 2026, challenging the longstanding disclosure requirements for certain nonprofits to report sensitive and private donor information. This proceeding was based upon an interlocutory appeal of a denial of cross-summary judgment motions of the lower Federal District Court for the Southern District of Ohio.