While most charitable donations come in the form of cash or liquid, publicly-traded securities, the majority of the nation’s wealth is in illiquid assets such as real estate. Total stock market wealth is currently $12 to 14 trillion, where the value of privately-held real estate alone is estimated to be between $40 to 60 trillion. According to the Wall Street Journal (13-October-1999, page 2), of the $175 billion donated to U.S. charities in 1998, only two percent had real estate as a source. Further, the New York Times stated in a 2002 article that “…more than 80 percent of the real estate offered to charity by donors is initially declined.” This does not include other non-cash assets like privately-held C-corporations, S-corporations, LLCs, art/collectibles and limited partnerships which represent additional untapped assets for charitable donations.