|
Gifts of Personal Property
How it works
 You transfer a valuable painting, antiques, collectibles or other personal property to Lyon College.
 Lyon College may hold and display the property or use it in the furtherance of its mission. Lyon College may sell the property at some point in the future and use the proceeds for its mission.
Benefits
- You receive gift credit and an immediate income tax deduction for the appraised value of your gift and pay no capital gains tax, so long as the gift can be used by Lyon College to carry out its mission.
- In certain cases, you can use personal property to fund a life-income gift that provides you with income now and benefits Lyon College.
- You have the satisfaction of making a significant gift now to Lyon College without adversely affecting your cash flow.
More
To learn more about gifts of personal property, Email us, complete the Information Request Form, or call us at 870-793-1767 so that we can assist you.
|
