Friday, May 18, 2012

Androscoggin Home Care & Hospice

Gifts of Other Personal Property

There are many other types of assets that can be used to make a gift to Androscoggin Home Care & Hospice. This can include artwork, boats, stamp collections, antiques, etc. We accept just about any asset.

Gifts of tangible personal property can be given through a bequest or as an outright gift. If given outright, there are some important points to keep in mind:

  • Gifts of personal property need to be evaluated on a case-by-case basis by the Foundation Board of Androscoggin Home Care & Hospice and its Board of Directors.

  • Your charitable deduction is based on a qualified appraisal and whether the donated item can be kept by Androscoggin Home Care & Hospice and used in support of our mission. If the item is to be sold by the agency, your charitable deduction is limited to cost basis.

  • To receive optimal tax treatment, the property in question must be considered long-term appreciated property (held by the donor for more than one year).

For more information
To learn more about gifting tangible personal property to Androscoggin Home Care & Hospice, please contact us.

 

 

Androscoggin Home Care & Hospice

15 Strawberry Avenue, Lewiston, Maine 04240 • 207-777-7740 • 1-800-482-7412 • DevelopmentOffice@ahch.org
Copyright 2010 AHCH and Pinnacle IT
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