Gift of Tangible Personal Property
Donate assets that you no longer want to insure or maintain. You may get a deduction for your generosity.
How it works
- Jefferson’s Tangible Personal Property Committee agrees to accept the gift.
- You transfer paintings, antiques, collectibles or other personal property to Jefferson.
- Jefferson displays or otherwise uses it in the furtherance of our mission. Jefferson may elect to sell the property at some point in the future and use the proceeds for its programs.
- You receive gift credit and an immediate income tax deduction for the appraised value of your gift and pay no capital gains tax, provided your gift satisfies the “related use” requirement of the IRS and you obtain a qualified appraisal, if necessary.
- In certain cases, you can use personal property to fund a life-income gift that benefits Jefferson and provides you with income now.
- You have the satisfaction of making a significant gift now to Jefferson without adversely affecting your cash flow.