Gifts of Personal Property
How It Works
- You transfer a valuable painting, antique, or other personal property to The Masters School.
- The Masters School may hold and display the property or use it in the furtherance of its mission.
- The Masters School may sell the property at some point in the future and use the proceeds for its mission.
Benefits
- You receive an immediate income tax deduction for the appraised value of your gift and pay no capital gains tax, so long as the gift can be used by The Masters School to carry out its mission.
- Without using cash, you can make a gift that is immediately beneficial to The Masters School.
