Gifts of Personal Property

Gift of Personal Property Diagram
Presence Health
Increase Font Size Decrease Font Size Print Page Contact Presence Health

Gifts of Personal Property

Gift of Personal Property Diagram

How It Works

  • You transfer a valuable painting, antique, or other personal property to Presence Health.
  • Presence Health may hold and display the property or use it in the furtherance of its mission.
  • Presence Health may sell the property at some point in the future and use the proceeds for its mission.

Benefits

  • You receive an immediate income tax deduction for the appraised value of your gift and pay no capital gains tax, so long as the gift can be used by Presence Health to carry out its mission.
  • In certain cases, you can use personal property to fund a life-income gift that provides you and/or other loved ones with an income now and benefits Presence Health in the future.
  • Without using cash, you can make a gift that is immediately beneficial to Presence Health.


The material presented on this Planned Giving website is not offered as legal or tax advice.
Read full disclaimer|Sitemap|Planned Giving Content © 2017 VirtualGiving.com