Planned Giving

Gifts of Personal Property

How it works

  1. You transfer a valuable painting, antiques, collectibles or other personal property to Bob Jones University Museum & Gallery*.
  2. After the transfer, BJU M&G* may elect to hold the property and display or use it in the furtherance of its mission. Another option is for Bob Jones University to sell the property at some point in the future and use the proceeds for its programs.

Benefits

  • You receive gift credit and an immediate income tax deduction for the appraised value of your gift and pay no capital gains tax, provided your gift satisfies the "related use" requirements of the IRS.
  • In certain cases, you can use personal property to fund a life-income gift that provides you with income now and benefits BJU M&G*.
  • You can have the satisfaction of making a significant gift now to BJU M&G* without adversely affecting your cash flow.

To learn more about gifts of personal property, email us, complete the Information Request Form, or call us at 888.252.6363 so that we can assist you.

*BJU does not qualify as a 501(c)(3) tax-exempt organization, and gifts to it may not be deducted for federal income, gift, or estate tax purposes. The BJU M&G, MSF, HAF, DNSF, S&E Endowment Fund, and GFA are all 501(c)(3) tax-exempt organizations, and gifts to these organizations may be deducted for federal income, gift, or estate tax purposes. All gifts above marked by an asterisk can be established only for the BJU M&G, MSF, HAF, DNSF, S&E Endowment Fund, or GFA, but not for BJU.

Planned Giving content © Copyrighted 2006 VirtualGiving