Tangible Personal Property

Tangible Personal Property Diagram

How It Works

  1. Please call us to discuss the type of property, possible uses of your gift by the U of I Foundation, and getting an appraisal
  2. You receive a charitable income-tax deduction if its use is related to the U of I Foundation's exempt purposes

Benefits

  • You receive a federal income-tax deduction for the fair-market value if its use is related to the U of I Foundation's charitable purposes
  • You avoid capital-gain tax on long-term related-use property (capital-gain tax on tangible personal property is 28%)
  • You can provide significant support for the U of I Foundation without affecting your income

Special note: You should call or e-mail us to tell us of your intent, and we will be able to assist you with the details of the transfer.

Next Steps

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