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Personal Property
You can give Soroptimist investment partnership shares or closely-held stock, as an outright transfer or to fund a life-income gift. Such a gift should be carefully reviewed by your legal and tax counsel and Soroptimist first.
How it works
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You transfer a valuable painting, antiques, collectibles or other personal property to Soroptimist.
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After the transfer, Soroptimist may elect to hold the property and display or use it in the furtherance of our mission. Another option is for Soroptimist to sell the property at some point in the future and use the proceeds for its programs.
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Benefits
- You receive a 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 IRS "related use" requirements.
- In certain cases, you can use personal property to fund a life-income gift that provides you with income now and benefits Soroptimist in the future.
- You can have the satisfaction of making a significant gift now to Soroptimist without adversely affecting your cash flow.
More
To learn more about gifts of Personal Property, Email us, complete the Information Request form, or call us at (215) 893-9000 so that we can assist you. |
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