Gifts of Personal Property
Alumni and friends who contribute property to WPI enjoy a double advantage: a federal income tax deduction for the full fair market value of the contributed property, plus avoidance of capital gain tax if the property has appreciated in value.
The precise impact, of course, depends on the nature of the property contributed and the current tax bracket of the donor. In planning such a gift to WPI, a donor’s first step should be to consult with their advisors.