Personal Property

Gifts of personal property -- for instance, works of art, manuscripts, rare books and antique furnishings -- help support teaching and scholarship and can greatly enhance the quality of campus life. Such gifts must be appraised by an outside expert, unless an item has an apparent value of less than $5,000.

Reasons to contribute a gift in kind include

1. You may receive a charitable tax deduction for the appraised value at the time of the gift.
2. You can make a larger donation to MCG than if you sold the gift, paid capital gains tax on the sale and contributed cash.
3. The gift's value is removed from your estate, which lowers your estate taxes.