Planned Giving: Gifts of Personal Property Illustration
How it works
You transfer a painting, antiques, collectibles or other personal property to Physicians Committee for Responsible Medicine.
PCRM may elect to hold the property and display or use it in the furtherance of its mission. PCRM may elect to sell the property at some point in the future and use the proceeds for its programs.
- You receive gift credit and an immediate income tax deduction for the appraised value of your gift and pay no capital gains tax, provided your gift satisfies the "related use" requirements of the IRS.
- In certain cases, you can use personal property to fund a life-income gift, such as a FLIP Unitrust, that benefits PCRM and provides you with income now.
- You can have the satisfaction of making a significant gift now to PCRM without adversely affecting your cash flow.
For more information