Gifts – in – Kind and Personal Property

Gifts-in-Kind are items of tangible, personal property such as artwork, musical instruments, books, computer equipment, furniture and automobiles. They are donated for related educational purposes and should be accompanied by a gift-in-kind donation form, which includes the fair market value as determined by the donor. The IRS and the University require that gifts-in-kind valued at more than $5,000 also have an independent appraisal provided by the donor. Acceptance of personal property and your subsequent tax deduction will depend on the type of item you wish to contribute and whether the university will have an appropriate use for it. For additional information on gifts of personal property or gifts-in-kind, contact any development officer or the Development Office at 512-245-2396.