Gifts of Personal Property
(Gift illustration)

How it works

You transfer a painting, antiques, collectibles or other personal property to the University of South Carolina or its affiliated Foundations.

The University of South Carolina or its affiliated Foundations may elect to hold the property and display or use it in the furtherance of its mission. The University of South Carolina or its affiliated Foundations may elect to sell the property at some point in the future and use the proceeds for its programs.

Benefits

• You receive gift credit and an immediate income tax deduction for the appraised value of your gift and pay no capital gains tax, provided your gift satisfies the "related use" requirements of the IRS.
• In certain cases, you can use personal property to fund a life-income gift, such as a FLIP Unitrust, that benefits the University of South Carolina or its affiliated Foundations and provides you with income now.
• You can have the satisfaction of making a significant gift now to the University of South Carolina or its affiliated Foundations without adversely affecting your cash flow.

For more information

Email us, complete the personal illustration form, or call us at (803) 777-4196 so that we can assist you through every step of the process.

The University of South Carolina
Office of Gift Planning
University Development
1600 Hampton Street, Suite 738
Columbia, SC 29208
Phone: (803) 777-4196
Fax: (803) 777-9708
Email: giftplan@mailbox.sc.edu