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Gifts of Personal Property
(Related use requirements)
To obtain a full market value deduction for a gift of personal property, the use by Tufts University must be related to its charitable purposes or functions. If not, the deduction is for cost basis only (or, if less, fair market value). To illustrate this, a gift of a painting to a museum should clearly be a related use gift. However, if the work of art is contributed, for example, to a charity that intends to sell the piece, the deduction may be for cost basis only.
For more information
Email us, complete the personal illustration form, or call us at 1-888-PGTUFTS so that we can assist you through every step of the process.
Meet Our Donors |
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Ophelia will support future Tufts students through her charitable remainder unitrust. About Ophelia About her gift |
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Tufts’ leaders have a vision that we share and enthusiastically endorse. About Gary and his wife About their gift |
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Lloyd will support future Tufts students through his estate plans. About Lloyd About his gift |
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Carl remembered Tufts University in his will. |
