Your personal property gift will allow you to deduct the item's
value. Personal property gifts could range from paintings, land, antique cars, and other
collectibles. Upon receipt of your donation, we will issue you a donation letter for tax
purposes.
“The federal tax code allows individuals and businesses to make non-cash contributions to
qualifying charities and to claim deductions for these contributions on their tax returns. Gifts
of donated property, clothing, and other non-cash items have long been an essential revenue
source for many charitable organizations and a popular deduction for taxpayers.
The American Jobs Creation Act of 2004 created additional reporting requirements for individual
taxpayers making non-cash charitable contributions. This website provides information for
contributors, philanthropic organizations, and tax professionals who represent them about
federal tax requirements for donated property.”
IRS Personal Property Information
Publication 561 (Rev. February 2020) (irs.gov)
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