Gifts of Personal Property

How it works

	You wish to transfer a valuable painting, antiques, collectibles or other personal property to Stuart Country Day School of the Sacred Heart.
	It is determined that your gift of personal property has a use related to Stuart's tax-exempt purpose.
	You transfer the gift to the school.
	Stuart Country Day School of the Sacred Heart may elect to hold the property and display or use it in the furtherance of its mission.

Benefits

• You receive an immediate income tax deduction for the appraised value of your gift and pay no capital gains tax, provided the school puts your gift to a "related use".
• In certain cases, you can use personal property to fund a life-income gift that provides you with income now and benefits Stuart Country Day School of the Sacred Heart.
• You can have the satisfaction of making a significant gift now to Stuart Country Day School of the Sacred Heart without adversely affecting your cash flow.
• A transfer of this kind requires careful planning with the assistance of a professional.