Your path to this gift: You're considering a gift made during your lifetime > You hold assets that you no longer wish to display or maintain >You want to save both income and capital gains tax
We are receptive to gifts of personal property: artwork, collectibles, equipment and other items that help us advance our mission.
You can get a deduction for a gift of personal property which does not contribute to Syracuse's exempt purpose, but it will only be for what you paid for the property. If you are considering such a gift, we will be able to guide you in determining if the pieces can be used by Syracuse -- a requirement of the IRS to qualify your gift for a charitable deduction -- and in securing an independent appraisal to establish the amount of your deduction.
Note that most all gifts of personal property are made to Syracuse outright. In rare cases, it may be possible for the donor to arrange for life income to be paid to him or her in return for the gift. However, significant tax considerations make it advisable for you to consult your advisors and our office first before proceeding with such a plan.
If you are considering a gift of art or collectibles, email us, complete the personal illustration form, or call us at 315-443-3033 so that we can assist you through every step of the process.
