You transfer a painting, antiques, collectibles or other personal property to Penn Medicine.
Penn Medicine may elect to hold the property and display it or use it in the furtherance of its mission. Penn Medicine may elect to sell the property at some point in the future and use the proceeds for its programs.
You receive gift credit and an immediate income tax deduction
for the appraised value of your gift and pay no capital gains tax, provided
you have owned the property for more than a year and your gift satisfies
of the I.R.S.
In certain cases, you can use personal property to fund a life-income gift, such as a FLIP Unitrust, that benefits Penn Medicine and provides you with income now.
You can have the satisfaction of making a significant gift now to Penn Medicine without adversely affecting your cash flow.
For More Information
E-mail or call us at 215-898-9486, or complete the Request Information form. We will happily assist you through every step of the process.
Christine S. Ewan, J.D.
Executive Director, Planned Giving
3535 Market Street, Suite 750
Philadelphia, PA 19104-3309
215-898-9486 | Fax: 215-573-2186