Personal Property

How it works

	You transfer a valuable painting, antiques, collectibles or other personal property to South Kent School.
	After the transfer, the School may elect to hold the property and display or use it in the furtherance of its mission. Another option is for the School 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 the School.
• You can have the satisfaction of making a significant gift now to the School without adversely affecting your cash flow.

More

• Is this gift for you? Click here.

To learn more about gifts of personal property, Email us, complete the Information Request Form, or call us at (860) 927-3539 x207 so that we can assist you.