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Tangible Personal Property

Tangible Personal Property Diagram

How It Works

  1. Please call us to discuss the type of tangible property, possible uses of your gift by Christendom College, 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 Christendom College'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 Christendom College'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 Christendom College 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

John F. Ciskanik
Executive Director of the Office of Gift Planning
540-551-9160
ciskanik@christendom.edu
Our legal name: Christendom Educational Corporation
Our tax ID number: 54-1031437

 

Office of Gift Planning
Christendom College
134 Christendom Drive
Front Royal, VA 22630

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