Gifts of Property

Tangible personal property is one of the most interesting types of property contributed to charity because of its infinite varieties. The most common types of tangible personal property contributed to charity include: artworks, jewelry, gems, and other collectibles; motor vehicles, watercraft, and aircraft; livestock, harvested crops, cut timber, and other agricultural products; as well as items of business inventory or equipment.

Tangible personal property is frequently given on an outright basis.

Contact us

If you have any questions about gifts of tangible personal property, please contact us. We would be happy to assist you and answer any questions that you have, including questions related to valuation of the property and fair market value deductions.