DONATING COLLECTIBLES AND OTHER APPRECIATED
PROPERTY
Supporting the charitable programs of Collectibles
with Causes and the “With Causes” Charitable Network
need not be in the form of a direct financial
contribution. If you want to make a charitable gift,
consider appreciated property. Whether you donate
artwork, comic books, coins,
sports memorabilia, antique furniture or
a collector car, you will
qualify for a tax break
while Collectibles with Causes can convey the
benefits of your donation to those in need.
DONATING APPRECIATED PROPERTY IS NOT LIMITED
TO THE WEALTHY
While many people think that donating appreciated
property is just for wealthy people making large
contributions, CPAs typically agree that the concept
can work equally well for modest donations. If you
would like advice about this charitable giving
opportunity, consult with a CPA.
Why Donating Makes Sense
Donating art, antiques and other collectible objects
to Collectibles with Causes and the “With Causes”
Charitable Network can provide you with possible
benefits such as:
• Avoidance of the tax on capital gains on
appreciated assets.
• An estate and gift tax deduction.
• The creation of a lasting legacy with Collectibles
with Causes and the “With Causes” Charitable
Network.
You will generally receive a higher income tax
deduction if you donate an art object or collectible
that has appreciated in value over the time you have
owned it. This is called capital gain property.
Generally, property is capital gain property if its
sale at fair market value on the date of the
contribution would have resulted in long-term
capital gain. Capital gain property includes capital
assets held more than one (1) year. The general rule
is that you can usually deduct the full fair market
value as of the date of the charitable contribution.
Your donation helps Collectibles with Causes and the
charitable programs we support, enhance and
substantially increase resources of many charitable
causes needed to support our communities.
