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Personal Property – A Way to Share Things of Value

What is a gift of personal property?

In certain circumstances, you may be able to gift personal property – artwork, collectibles, and antiques – to Mental Health America.

In order for you to claim a full income tax deduction:

  • Your gift of personal property must meet the "related use" requirements of the IRS.
  • For gifts whose value exceeds $5,000, you must secure a qualified appraisal to establish the property's current fair market value.

In some cases, gifts of personal property can be used advantageously to fund life-income arrangements such as FLIP Unitrusts, or deferred payment gift annuities.

All gifts of personal property are subject to review and approval by MHA's Gift Acceptance Committee.

WARNING: Consult your legal and tax advisors before making any material decisions based on this information.


Send me a Personal Illustration!

For more information

E-mail us, complete the Personal Illustration form, or call us at (703) 838-7533 so that we can assist you.

 

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