Property Donations Make Great Gifts

Turn Your Treasures Into a Charitable Legacy
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 the mission of Università Bocconi.
Related use property—e.g., a piece of artwork donated—is deductible at the full fair market value. Other property may be 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 IRS Form 8283 with the tax return on which the deduction is claimed.
 
Ways to Use Property as a Donation
An outright gift. This allows you to benefit Bocconi's work today and receive a federal income tax charitable deduction when you itemize.
A gift in your will or living trust. You can leave a legacy at Friends of Bocconi University by donating property to us through your will or living trust.
A bargain sale. You can sell us your property for less than the fair market value of the item. For example, if you sell us an antique for $25,000 that is worth $50,000, you will receive a federal income tax charitable deduction of $25,000 plus the payment from us of $25,000.
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 trust. 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.
 
 
Next Steps
  1. Contact Cahill Zoeller at (609) 240-3700 or cahill.zoeller@friendsofbocconi.org for additional information on giving a gift of cash.
  2. Seek the advice of your financial or legal advisor.
  3. If you include Friends of Bocconi University in your plans, please use our legal name and federal tax ID.
  4. Let Cahill Zoeller know if you have included Friends of Bocconi University in your plans so that we can invite you to join the Ettore Bocconi Society.
          Legal Name: Friends of Bocconi University, Inc.
          Address: 555 Madison Avenue, 11th floor, New York, NY 10022
          Federal Tax ID Number: 36-4769050
 
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.