Tangible Personal Property
How It Works
- Please call us to discuss the type of tangible property, possible uses of your gift by Women In Distress, and getting an appraisal
- You receive a charitable income-tax deduction for the full fair-market value of the property if the gift’s use is related to Women In Distress’ exempt purposes
- If the use is unrelated to our exempt purposes or if it’s understood that we will be selling the property, then the deduction is limited to your cost basis
Benefits
- You receive a federal income-tax deduction for the fair-market value if the gift’s use is related to Women In Distress’ charitable purposes
- You avoid capital-gain tax on long-term related-use property (capital-gain tax on tangible personal property is 28%)
- You provide significant support for Women In Distress without affecting your income