Many contributions involve cash or securities, but just about anything of value can be valuable for a charity -- including "time, talent and resources." 

While it is best to consult with your tax advisor who is familiar with your unique tax circumstances, the following chart may offer some ideas for your consideration.

Donation Advantages
 Limitations
Cash: Simple.

Generally fully deductible. 		Deduction limited (depends on recipient) to 30% or 50% of the Adjusted Gross Income (AGI) and may be carried forward for five years.
Securities: Generally fully deductible at market value*.

Appreciated assets donated to charity are not subject to capital gains tax. 		Deduction limited (depends on recipient) to 20% or 30% of AGI and may be carried forward for five years.
Tangible Personal Property: Virtually any asset may be donated.
Generally fully deductible at market value*.

Appreciated assets donated to charity are not subject to capital gains tax. 		Deduction limited (depends on recipient) to 20% or 30% of AGI and may be carried forward for five years.

If the asset is not related to the charity's mission, the deduction is limited to the lessor of cost basis or fair market value.
Time and Talent: Personal involvement.

Expenses related to volunteering (such as mileage, fares, tolls, etc.) are deductible. 		Personal involvement may also require a commitment of time for a defined or minimum period.

There is no deduction allowed for the value of donated time.

Volunteering your time gives you an opportunity to see the organization first-hand and to become involved on the ground level. It is also a good way to research the needs and effectiveness of an organization.

*If held for more than one year.