Gifts of Personal Property




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Gift illustration

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Complete gift description

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Related use requirements

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How it works

You transfer a valuable painting, antiques, collectibles or other personal property to Children's Memorial Foundation.

Children's Memorial may elect to hold the property and display or use it in the furtherance of its mission. Children's Memorial may elect to sell the property at some point in the future and use the proceeds for its programs.


Benefits

  • 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 Children's Memorial and provides you with income now.
  • You can have the satisfaction of making a significant gift now to Children's Memorial without adversely affecting your cash flow.

For more information

Email us, complete the personal illustration form, or call us at 773-880-4237 so that we can assist you through every step of the process.