Gifts of Property
Your treasures, like valuable antiques, stamp and coin collections, works of art, cars, boats and other personal property, can make suitable charitable gifts today or after your lifetime. The financial benefits of the gift depend on whether we can use the property in a way that is related to our mission.
Related use property (such as a piece of artwork donated to an art museum) is deductible at the full fair market value. Any other property is deemed nonrelated use property and the deduction would be limited to the lesser of fair market value or your tax basis in the property.
If the federal income tax charitable deduction claimed for a gift of tangible personal property exceeds $5,000, you must obtain an appraisal from a qualified appraiser and submit a special IRS form with the tax return on which the deduction is claimed. (Please consult your tax advisor.)
Ways to Use Property as a Donation
An instant gift. This allows you to benefit our mission today and may provide an immediate federal income tax charitable deduction for you.
A gift in your will or living trust. You can leave a legacy at California State University, Los Angeles by donating property to us through your will or living trust and receive a federal estate tax charitable deduction.
A memorial or tribute gift. If you have a friend or family member whose life has been touched by Cal State LA, consider making a gift to us in his or her name.
An endowed gift. Create an endowment or contribute to one that is already established to ensure that your support of Cal State LA will last forever.
A charitable gift annuity. You can sometimes use non-income producing property such as valuable stamp and coin collections or works of art in exchange for life payments and a federal income tax charitable deduction. The amount of the charitable deduction depends, in part, on whether the donated items are retained by the charity and used for its tax-exempt purpose.
A charitable remainder trust. You may be able to contribute tangible personal property to a charitable remainder trust. If you or a family member is an income beneficiary, you will receive a federal income tax charitable deduction when the property is sold. An additional contribution of cash or appreciated securities is recommended to cover expenses until the tangible personal property is sold.
A donor advised fund. Gifts to donor advised funds are not limited to cash and securities. Tangible personal property such as valuable antiques, stamp and coin collections, art, cars and boats may be able to be gifted and sold to benefit your fund.