Gift

(redirected from Types of Gifts)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.
Related to Types of Gifts: Gifts in kind

Gift

An asset of any kind that an individual transfers to another individual while neither receiving nor expecting anything in return. A gift one receives is taxable in the United States, but only if its value exceeds $13,000 (in 2009) and is not specifically excluded. For example, gifts between spouses are not taxable under any circumstances. See also: Estate, Gift Tax.

Gift

A transfer of property from one person or entity to another without consideration or compensation. For income tax purposes, the words "gift" and "contribution" usually have separate meanings, the latter word being used in connection with contributions to charitable, religious, etc., organizations, whereas the word "gift" refers to transfers of money or property to individuals.
References in periodicals archive ?
Corporate Giving Online was designed to provide a variety of flexible options to search for current information on companies, their grantmaking organizations, and their grants and other types of gifts, including in-kind donations.
Although respondents weren't asked about restrictions, the trend toward fewer people making larger girls for capital campaigns would be consistent with an increase in these types of gifts.
These types of gifts could probably be found at the top of many letters to Santa this year.
These types of gifts often have short-term uses or no uses at all, and will soon end up in the landfill.
Could you offer some advice on the types of gifts I could make for my loved ones without the added expense?
Certain types of gifts may require inclusion in the donor's estate because of a retained interest.
Leaflets detailing the initiative and the types of gifts and goods to be sent to different age groups are available at All Saints.