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Gifts of Personal Property

Gift of Personal Property Diagram

How It Works

  • You transfer a valuable painting, antiques, or other personal property to William & Mary.
  • William & Mary may hold and display the property or use it in the furtherance of its mission.
  • William & Mary 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 William & Mary 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 William & Mary in the future.
  • Without giving cash during your life, you can make a gift that is immediately beneficial to William & Mary.


World-class Mineral Collection

Donated by Dimitri Georgiadis, mineral enthusiast
(learn more)

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