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Gifts of Tangible Personal Property

How It Works

  1. Please call us to discuss the type of tangible property, possible uses of your gift by the Archdiocese, and getting an appraisal
  2. You receive a charitable income-tax deduction for the full fair-market value of the property if the gift’s use is related to the Archdiocese’s exempt purposes
  3. If the use is unrelated to our exempt purposes or if it’s understood that we will be selling the property, then the deduction is limited to your cost basis

Benefits

  • You receive a federal income-tax deduction for the fair-market value if the gift’s use is related to the Archdiocese’s charitable purposes
  • You avoid capital-gain tax on long-term related-use property (capital-gain tax on tangible personal property is 28%)
  • You provide significant support for the Archdiocese without affecting your income

Special note: You should call or e-mail us to tell us of your intent with regards to the property, and we will be able to assist you with the details of the transfer.

Contact Us

Planned Giving Office
646.794.3317
plannedgiving@ArchNY.org
 Archdiocese of New York
1011 First Avenue
14th floor
New York, NY 10022

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