Personal Property

Making a donation of tangible personal property can be an excellent way to receive a tax benefit, dispose of property that is expensive to insure or maintain, and support Georgetown.

Artwork, collections, antiques, stamp and coin collections, and other personal property can make a great charitable gift today or after your lifetime. Financial benefits for a gift of personal property depend on if Georgetown can use the property in a way that is related to our mission.

Related use property, such as a piece of artwork donated to Special Collections, may be deductible at piece’s fair market value as determined by an independent appraisal. The deduction for property that is deemed non-related use property may be limited to the lesser of fair market value or your tax basis in the property.

If the federal income tax charitable deduction claimed for a gift of personal property exceeds $5,000, you will be required to obtain an appraisal from a qualified appraiser and complete IRS Form 8283.

Gifts of personal property may need to be reviewed and approved by the University’s Gift Acceptance Committee. If you are considering a gift of tangible personal property, please contact the Office of Planned Giving at (800) 347-8067, by email at plannedgiving@georgetown.edu or through our information request form.

The information on this website is not intended as legal, financial, or tax advice. Please consult an attorney, financial advisor, or tax advisor in your planning.