It may be advantageous for some people to contribute appreciated securities, real property or other valuables. The current fair market value (FMV) of securities or property is deductible, and by transferring those assets to PRONTO, the donor pays little or no capital gains. For substantial gifts, other than marketable securities, the IRS requires an appraisal. A gift of real estate will be credited at the appraised value of the gift at the time it is made, provided that there is no restriction on its sale.