Gifts of Personal Property
(Contributing Treasures of Value)
How it works
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You transfer a valuable painting, antiques, collectibles or other personal property to the Baltimore Community Foundation.
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BCF may elect to hold the property and display or use it in the furtherance of its mission. BCF may elect to sell the property at some point in the future and use the proceeds for the charitable purpose you have specified.
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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 BCF and provides you with income now.
- You can have the satisfaction of making a significant gift now to BCF without adversely affecting your cash flow.
For more information
Email us, complete the personal illustration form, or call us at 410-332-4171 so that we can assist you through every step of the process.
2 East Read Street
9th Floor
Baltimore, MD 21202
410-332-4171 | Fax: 410-837-4701
E-mail: giving@bcf.org
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