Tangible Personal Property
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See gift description |
How It Works
- Please call us to discuss the type of property, possible uses of your gift by Aurora Health Care, and getting an appraisal
- You receive a charitable income-tax deduction if its use is related to Aurora Health Care's exempt purposes
- Aurora Health Care can keep or sell property after 3 years
- You receive a federal income-tax deduction for the fair-market value if its use is related to Aurora Health Care’s charitable purposes
- You avoid capital-gain tax on long-term, related-use property (capital-gain tax on tangible personal property is 28%)
- You can provide significant support for Aurora Health Care without affecting your income
Special note: You should call or e-mail us to tell us of your intent, and we will be able to assist you with the details of the transfer.
Next Steps- I’d like to see a detailed description of this gift
- I’d like to have a confidential conversation with a gift-planning
officer about this gift plan or other options - I’d like a personal calculation of this gift
Please note: Because the federal estate tax has been repealed for 2010, there is no current estate tax in 2010 for the gifts described on this page. However, the consensus opinion among professionals is that Congress will enact an estate-tax law that may be retroactive to January 1, 2010. It is very important that you seek the advice of your estate-planning attorney to determine what changes, if any, need to be made to your existing estate plans, and then again if Congress reinstates the estate tax sometime later this year.
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