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Gifts of Personal Property
Click Here for
Detailed Explanation
How It Works
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You transfer a valuable
painting, antiques, collectibles or other personal property to the Crohn's & Colitis Foundation. |
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The Crohn's & Colitis Foundation may
elect to hold the property and display or use it in the furtherance
of its mission. The Crohn's & Colitis Foundation may elect 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, such as a FLIP
Unitrust, that provides you with income now and benefits the Crohn's & Colitis Foundation.
- You can have the satisfaction of making
a significant gift now to the Crohn's & Colitis Foundation without adversely
affecting your cash flow.
More
For more information
If you are considering a gift of personal property, email us,
complete the personal illustration form,
or call us at (212) 685-3440 ext. 7448 so that we can assist you through
every step of the process.
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