Gifts of Personal Property
How It Works
- You transfer a valuable painting, antiques, or other personal property to Franklin & Marshall College.
- Franklin & Marshall may hold and display the property or use it in the furtherance of its mission.
- Franklin & Marshall may sell the property at some point in the future and use the proceeds for its mission.
- 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 Franklin & Marshall 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 Franklin & Marshall in the future.
- Without giving cash during your life, you can make a gift that is immediately beneficial to Franklin & Marshall College.
- More detail on gifts of personal property.
- Frequently asked questions on gifts of personal property.
- Contact us so we can assist you through every step.