Gifts of Personal Property
How it works
You transfer a valuable painting, antiques, collectibles or other personal property to The Hotchkiss School.
The Hotchkiss School may hold and display the property or use it in the furtherance of its mission. The Hotchkiss School may sell the property at some point in the future and use the proceeds for its mission.
- You receive gift credit and an immediate income tax deduction for the appraised value of your gift and pay no capital gains tax, so long as the gift can be used by The Hotchkiss School to carry out its mission.
- In certain cases, you can use personal property to fund a life-income gift that provides you with income now and benefits The Hotchkiss School.
- You have the satisfaction of making a significant gift now to The Hotchkiss School without adversely affecting your cash flow.
- Is this gift for you? Click here.