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Gifts of Personal Property

How it works

You transfer a valuable painting, antiques, collectibles or other personal property to one of the tax-exempt organizations*.
After the transfer, the tax-exempt organization* may elect to hold the property and display or use it in the furtherance of its mission. Another option is for the tax-exempt organization* 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 one of the tax-exempt organizations*.
You can have the satisfaction of making a significant gift now to one of the tax-exempt organizations* 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.