Gifts of Personal Property |
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How It Works
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You transfer a valuable painting, antiques, collectibles or other personal property to Northeastern University. |
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Northeastern may elect to hold the property and display or use it in the furtherance of its mission. Northeastern may elect to sell the property at some point in the future and use the proceeds for its programs. |
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All gifts of personal property are subject to review and approval by Northeastern's Gift Acceptance Committee to ensure that both your goals and the University's goals are fully met. |
Benefits
- You receive gift credit and an immediate
income tax deduction for the appraised value of your gift and pay no capital
gains tax, provided your gift satisfies the "related use" requirements
of the IRS.
- In certain cases, you can use personal property
to fund a life-income gift, such as a FLIP Unitrust,
that provides you with income now and benefits Northeastern.
- You can have the satisfaction of making a
significant gift now to Northeastern without adversely affecting
your cash flow.
- Read more detail. Click here.
For more information
If you are considering a gift of personal property, email us, complete the personal illustration form, or call us at (617) 373-2014 so that we can assist you through every step of the process.
Northeastern University
Office of Gift Planning
346 Richards Hall
360 Huntington Avenue
Boston,MA 02115-5000
(617) 373-2014 | Fax: (617) 373-5519
Gift planning content and Legacy Planner ©2008 VirtualGiving, Inc.