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Getting Started
Going Further

Meet Our Staff

Contact Us

Office of Trusts, Estates, and Gift Planning
Cornell University
130 E Seneca Street, Suite 400
Ithaca, NY 14850
Phone: 1-800-481-1865
Fax: 607-254-1204
Email:
gift_planning@cornell.edu

Disclaimer

Tangible Personal Property

Gifts-of-Tangible-Personal-Property.png

 

How It Works

  1. Please call us to discuss the type of tangible property, possible uses of your gift by Cornell University, and getting an appraisal
  2. You receive a charitable income-tax deduction for the full fair-market value of the property if the gift's use is related to Cornell University's exempt purposes
  3. If the use is unrelated to our exempt purposes or if it's understood that we will be selling the property, then the deduction is limited to your cost basis

Benefits

  • You receive a federal income-tax deduction for the fair-market value if the gift's use is related to Cornell University's charitable purposes
  • You avoid capital-gain tax on long-term related-use property (capital-gain tax on tangible personal property is 28%)
  • You provide significant support for Cornell University without affecting your income

Special note: You should call or e-mail us to tell us of your intent with regards to the property, and we will be able to assist you with the details of the transfer.

More Information

Contact Us

Office of Trusts, Estates, and Gift Planning
Phone: 1-800-481-1865
Fax: 607-254-1204
Email: gift_planning@cornell.edu

 

Cornell University
130 E Seneca Street, Suite 400
Ithaca, NY 14850