Gifts of personal property are a creative way to earn a charitable tax deduction while helping the University. Donors can give equipment, works of art, jewelry, collections, rare books, or any other kind of tangible personal property. These gifts play a significant role in helping the University meet the challenges of the future.

When the University will use the gift to meet its mission, the donor is entitled to a charitable tax deduction at the full fair market value at the time the gift is received.

In some cases, the University can not use the gift to meet its educational mission. In these situations, the CWU Foundation accepts the property, immediately sells it, and uses the proceeds as intended by the donor. The donor will have a limit on the charitable tax deduction based on the amount that the donor originally paid for the property.

If the value of the donated personal property exceeds $5,000, the donor must obtain a "qualified appraisal" and attach IRS Form 8283 to his or her income tax statements.

Since each gift is unique, if you are considering a gift of personal property, please contact our office regarding the deductibility of your gift and any appraisal requirements.