Tangible Personal Property

Tangible Personal Property Diagram

How It Works

  1. Please call us to discuss the type of tangible property, possible uses of your gift by EKU Foundation, and getting an appraisal
  2. You receive a charitable income-tax deduction for the full fair-market value of the property if the gift's use is related to EKU Foundation's exempt purposes
  3. 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 EKU Foundation's 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 EKU without affecting your income

Special note: You should call or e-mail us to tell us of your intent with regards to the property, and we will be able to assist you with the details of the transfer.

More Information

Contact Us

Shelley Ward
Senior Director of Major and Planned Gifts
859.622.8090
Shelley.Ward@eku.edu

 

Eastern Kentucky University
CPO 19A
521 Lancaster Avenue
Richmond, KY 40475

Federal Tax ID Number: 61-1131682

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