| Personal Property – A Way to Share Things of Value
What is a gift of personal property?
In certain circumstances, you may be able to gift personal property – artwork, collectibles, and antiques – to La Salle University.
In order for you to claim a full income tax deduction:
- Your gift of personal property must meet the "related use" requirements of the IRS.
- For gifts whose value exceeds $5,000, you must secure a qualified appraisal to establish the property's current fair market value.
In some cases, gifts of personal property can be used advantageously to fund life-income arrangements such as FLIP Unitrusts, or deferred payment gift annuities.
All gifts of personal property are subject to review and approval by La Salle's Gift Acceptance Committee.
WARNING: Consult your legal and tax advisors before making any material decisions based on this information.
Send me a Personal Illustration!
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For more information
E-mail us, complete the Personal Illustration form, or call us at 215-951-1875 so that we can assist you.
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