Making a planned gift is a wonderful way to achieve your own personal, financial, estate-planning, and philanthropic goals while you support the community and the causes you care about most.

Tangible Personal Property

Tangible Personal Property Diagram. Description of image is listed below.

How It Works

  1. Please call us to discuss the type of tangible property, possible uses of your gift by The Community 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 The Community 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 The Community 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 the causes you care about 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

Sharon Cappetta, CAP®
Director of Development
203-777-7071
scappetta@cfgnh.org

Liana Garcia, MS, PMP, CAP®
Director of Gift Planning
203-974-1646
lgarcia@cfgnh.org

 

The Community Foundation for Greater New Haven
70 Audubon St.
New Haven, CT 06510

Federal Tax ID Number: 06-6032106

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