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