Tangible Personal Property

Tangible Personal Property Diagram

How It Works

  1. Please call us to discuss the type of tangible property, possible uses of your gift by FAU, and getting an appraisal
  2. You receive a charitable income-tax deduction for the full fair-market value of the property if the gift's use is related to FAU's exempt purposes
  3. If the use is unrelated to our exempt purposes or if it's understood that we will be selling the property, then the deduction is limited to your cost basis

Benefits

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

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

More Information

Contact Us

Kristina Gregg
Executive Director of Gift Planning
Phone: 561-297-2058
Fax: 561-297-2520
E-mail: k.gregg@fau.edu or gift.planning@fau.edu

 

FAU Foundation
Office of Gift Planning
777 Glades Road, ADM 247
Boca Raton, FL 33431

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