Gifts of Tangible Personal Property

Gifts of Tangible Personal Property
Tangible Personal Property
UNC-CH Foundation

How it Works

  • You transfer valuable artwork, antiques, collectibles or other personal property to The University of North Carolina at Chapel Hill.
  • The University of North Carolina at Chapel Hill may elect to hold the property and display or use it in the furtherance of its mission.
  • The University of North Carolina at Chapel Hill 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 gain 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 The University of North Carolina at Chapel Hill and provides you with income now.
  • You can have the satisfaction of making a significant gift now to The University of North Carolina at Chapel Hill without adversely affecting your cash flow.

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