Gifts of Personal Property: The Details
Give valuable assets that you no longer want to insure or maintain. You may get a deduction for your generosity.
Is this gift right for you?
A gift of personal property may be for you if…
The IRS gives donors who contribute appreciated property, like securities and real estate, two tax breaks: a charitable deduction for the full fair market value of the asset, and no capital gains tax on the transfer to Anti-Defamation League Foundation.
The same benefits also encourage gifts of personal property: artwork, antiques, equipment and other items that help us advance our mission.
If you are considering such a gift, please talk with us first. We can determine if the items can be used by us – a requirement for you to claim a full deduction. It is not recommended that you donate personal property with the idea that the items can be liquidated for cash, because the IRS will then limit your charitable deduction to your cost basis in the property.
We do reserve the right sell the property at a later date if it can no longer be used or properly cared for by ADLF.
The professionals at our Department of National Planned Giving, Legacy and Endowments will be happy to discuss your interests, concerns and financial options, and work personally with you and/or your legal and financial advisors to create a plan that meets your needs and supports the Anti-Defamation League Foundation.
For more information, please contact:
Director of National Planned Giving, Legacy and Endowments
Anti-Defamation League Foundation (ADLF)
605 Third Avenue
New York, NY 10158
This information is provided for educational purposes. The Anti-Defamation League Foundation and ADL are not financial, legal or tax advisors. Please contact your advisors regarding your financial, legal or tax needs.