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Gifts of Personal Property Click Here for Detailed Explanation

How It Works

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

More

• Read more detail. Click here.

For more information

If you are considering a gift of personal property, email us, complete the personal illustration form, or call us at (828) 232-2430 so that we can assist you through every step of the process.