Gifts of Personal Property
How It Works
- You transfer a valuable painting, antique, or other personal property to School Ministries of Birmingham.
- School Ministries of Birmingham may hold and display the property or use it in the furtherance of its mission.
- School Ministries of Birmingham may sell the property at some point in the future and use the proceeds for its mission.
Benefits
- You receive an immediate income tax deduction for the appraised value of your gift and pay no capital gains tax, so long as the gift can be used by School Ministries of Birmingham to carry out its mission.
- Without using cash, you can make a gift that is immediately beneficial to School Ministries of Birmingham.
