Gifts of personal property include, but are not limited to: antiques, works
of art, furniture, jewelry, rare books, and valuable
collections. Gifts of
personal property may be considered for acceptance,
provided they reflect
the needs and mission of Lutheran Homes of Oshkosh.
The organization cannot appraise or assign a value to the property. According to IRS regulations, it is your responsibility to establish a value for the gift and to provide, at your expense, a qualified appraisal required by the IRS in the case of gifts of tangible personal property valued in excess of $5,000.
Features and Benefits
- Opportunity to make a unique gift to Lutheran Homes of Oshkosh
- Lutheran Home of Oshkosh can make immediate use of your gift
- Immediate tax deduction
In addition, you are required by the IRS to file Form 8282 for gifts of personal
property
valued at more than $500. This form should be sent to the Bethel Foundation.
The information on this website is not intended as legal advice.
For advice and assistance in specific situations, the services of a professional advisor should be obtained.