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Personal Property

Gifts of personal property other than stocks, bonds and securities are often overlooked.  You may receive an income tax deduction of the fair market value for gifts of personal property items that you no longer use or need if the property has a use to The Foundation related to its charitable purposes.  If a use is unrelated, the deduction is limited to the basis (cost) of the property.  Typical items that may be given include the following:

    Aircraft
    Annuities
    Antiques
    Art
    Boats
    Contracts
    Furs
    Gold
    Horses and Other Livestock
    Interests in Oil and Gas Wells
    Jewelry
    Mortgages

Motor Vehicles
Music Royalties
Musical Instruments
Patents & Patent Royalties
Promissory Notes
Rare Books
Rare Coins
Rare Documents
Recreational Vehicles
Silver
Stamp Collections
Timber

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