Giving Today / Gifts of Tangible Property

A donor should remember that all tangible personal property, such as paintings and other works of art, will be subject to estate taxes. By giving such items to Amigos de Vamos Adelante during your lifetime or at death, you may realize certain benefits and discover a new way to make a gift. Gifts of tangible personal property that are related to the Amigos de Vamos Adelante’s purpose generally produce a deduction equal to the fair market value of the property. Gifts which do not have a related purpose may generate a lower tax deduction but can still be an attractive way to support Amigos de Vamos Adelante’s mission.

 

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