Gifts of Personal Property
(Gift illustration)

How it works

You transfer a painting, antiques, collectibles or other personal property to Furman University.

Furman University may elect to hold the property and display or use it in the furtherance of its mission. Furman University may elect to sell the property at some point in the future and use the proceeds for its

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 benefits Furman University and provides you with income now.
• You can have the satisfaction of making a significant gift now to Furman University without adversely affecting your cash flow.

For more information

Email us, complete the personal illustration form, or call us at 864-294-3461 so that we can assist you through every step of the process.