Ways to Give: Gifts of Personal Property
A gift to WPI of tangible personal property that has appreciated in value and that has been held long term (at least 12 months and one day) will entitle the donor to a charitable deduction for its fair market value if the use of such property is substantially related to WPI's educational functions. Established works of art, computers, rare books, technical manuals, etc., are examples of such property. As with gifts of real estate, responsibility for determining the value of such property lies wholly with the donor.
Gifts of tangible property deemed not substantially related to WPI's educational mission may also entitle the donor to a charitable deduction, but in such cases, the deduction will be limited to the donor's cost basis for the property.
If you are interested in this type of gift to WPI, please contact the WPI Planned Giving Office (planned-giving@wpi.edu or toll-free at 1-888-974-4438) to discuss WPI's gift acceptance policies with regard to tangible personal property
Maintained by webmaster@wpi.eduLast modified: March 06, 2007 11:48:38