Contributions of Royalties, Copyrights, and Patents Royalties

Most royalties are considered ordinary income assets and payments from them are reported as income when you receive them. Some royalties are classified as capital assets and may subject you to capital gains tax on their sale.

Patents and Copyrights

Patents and copyrights are a capital asset and the sale of these assets triggers capital gains tax. A gift of all of your rights in a patent or copyright to Partners In Health may allow you to claim an income tax charitable deduction.

Why donate your Intellectual Property

Contributing your royalties, patents, copyrights, or other intellectual property to Partners In Health helps make our critical work possible, and these gifts can help you reduce your tax bill by eliminating ordinary income from some assets and avoiding capital gain tax on others.  Plus, you may be entitled to an income tax charitable deduction.  

If you are interested in making a gift of royalties, patents, copyrights, or other intellectual property, please reach out to our donor support team at info@pih.org.
 

The gift planning material presented on this website is not offered as legal, tax, or financial advice. Prospective supporters are urged to consult with an attorney, financial advisor, estate planner, or accountant before making any arrangements or gifts.