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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…

  • You hold artwork, antiques or other personal property that you no longer wish to maintain.
  • You hold equipment or other items that would be useful to our mission.
  • You want to avoid capital gains tax on the transfer of these assets.

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.

Planning points

  • You will need to secure an independent appraisal of the property to establish the amount of your deduction.
  • Most gifts of personal property are made to ADLF outright. In some cases, it may be possible for you to arrange for life income to be paid to you in return for the gift. Consult with your advisors and our office before proceeding with such a plan.

Please contact us so that we can assist you through every step of the process.

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Compare Gift Plans Goals & Benefits Glossary Request Information

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
plannedgiving@adl.org
1-888-235-9710

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.