Gifts of Personal Property
How it works
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You transfer a valuable painting, antiques, collectibles or other personal property to Sansum Diabetes Research Institute. |
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After the transfer, SDRI may elect to hold the property and display or use it in the furtherance of its mission. Another option is for SDRI to sell the property at some point in the future and use the proceeds for its programs. |
Benefits
- 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" requirements of the IRS.
- In certain cases, you can use personal property to fund a life-income gift that provides you with income now and benefits SDRI.
- You can have the satisfaction of making a significant gift now to SDRI without adversely affecting your cash flow.
More
To learn more about gifts of personal property, Email us, complete the Information Request Form, or call us at (805) 682-7638 so that we can assist you.
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