Gifts of Personal Property
(Complete gift description)
Not all gifts have to be cash or securities. Many individuals opt to make donations to us of personal property that has value. For example, you may choose to contribute artwork, collectibles, equipment and other items that help us advance our mission.
If you are considering such a gift, please call us first, as what you choose to donate may impact the amount of your charitable deduction.
Here are some other helpful tips if you are considering such a gift:
- You will need to secure an independent appraisal to establish the amount of your deduction.
- Most gifts of personal property are made to the Red Cross outright. In rare cases, it may be possible for you to arrange for life income to be paid to you 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.
For more information
Email us, complete the personal illustration form, or call us at (800) 797-8022 Ext. 5 so that we can assist you through every step of the process.
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