Personal Property – A Way to Share Things of Value

What is a gift of personal property?

In certain circumstances, you may be able to gift personal property – artwork, collectibles, and antiques – to ECS.

In order for you to claim a full income tax deduction:

• Your gift of personal property must meet the "related use" requirements of the IRS.
• For gifts whose value exceeds $5,000, you must secure a qualified appraisal to establish the property's current fair market value.

In some cases, gifts of personal property can be used advantageously to fund life-income arrangements such as FLIP Unitrusts, or deferred payment gift annuities.

All gifts of personal property are subject to review and approval by ECS's Gift Acceptance Committee.

Be sure to Consult your legal and tax advisors before making any material decisions based on this information.

Send me a Personal Illustration!

For more information

E-mail us, complete the Personal Illustration form, or call us at (215)351-1460 so that we can assist you.