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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 Eckerd College.
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 Eckerd College'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 (727) 864-8229 so that we can assist
you.
Judi Schraer
Director of Gift Planning
Eckerd College
4200 54th Avenue South
St. Petersburg, FL 33711
(727) 864-8229
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