
Advocate Charitable Foundation
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Gifts of Personal Property
Contributing Treasures of Value
How it works
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You transfer a valuable painting, antiques, collectibles or other personal property to Advocate Charitable Foundation.
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Advocate Charitable Foundation may elect to hold the property and display or use it in the furtherance of its mission. Advocate Charitable Foundation may elect to sell the property at some point in the future and use the proceeds for its programs.
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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, such as a FLIP Unitrust, that provides you with income now and benefits Advocate Charitable Foundation.
- You can have the satisfaction of making a significant gift now to Advocate Charitable Foundation without adversely affecting your cash flow.
For more information
Email us, complete the personal illustration form, or call us at 847-384-3435 so that we can assist you through every step of the process.
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