Middlebury

Personal Property

Personal Property gifts can be paintings, antiques, collectibles or other personal property that you wish to donate to Middlebury College.

Middlebury College may elect to hold the property and display or use it in the furtherance of its mission or may elect 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, such as a Unitrust, that benefits Middlebury College and provides you with income now.
  • You can have the satisfaction of making a significant gift now to Middlebury College without adversely affecting your cash flow.