Gifts of personal property include, but are not limited to antiques, works of art, furniture, jewelry, rare books and valuable collections. Carroll University gift acceptance policies will dictate if the college can or cannot accept your gift of personal property. The college cannot appraise or assign a value to the property. According to IRS regulations, it is the donor's responsibility to establish a value for the gift and to provide, at the donor's expense, a qualified appraisal required by the IRS in the case of gifts of tangible personal property valued in excess of $5,000.
In addition, the donor is required by the IRS to file form 8282 for gifts of personal property valued at more than $500. This form should be sent to Carroll University's business office for execution by the university.
Please contact:
Gina Ehler
Senior Advancement Officer for
Alumni Relations and Annual Giving
gehler@carrollu.edu
262.524.7133
262.524.7646 (fax)
|
Features and Benefits
- Opportunity to make a unique gift to Carroll University that may be of significant value to learning, teaching or research
- Carroll University can make immediate use of your gift
- Immediate tax deduction
- Avoid capital gains taxes
- Estate tax and probate savings
The information on this web site is not intended as legal advice. For advice and assistance in specific situations, the services of a professional advisor should be obtained.
|