By Jessica Holland
This article highlights information about the donors, donees, and types and amounts of gifts given during this period. Donors tended to skew slightly female and approximately half were married. Most donees were relatives of the donor, specifically their children or grandchildren. Gifts of cash, stocks and bonds, and real estate made up a majority of the value of the gifts given every year. Almost all gift taxes owned in any given year were paid by donors with total gifts of more than $1 million for that year. Donors file Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return, to report gifts made during a given calendar year.
Related Link: Gift Tax Statistics