Outright Gift or Bargain Sale

Your treasures like valuable antiques, stamp and coin collections, works of art, cars, boats and other personal property can make suitable charitable gifts today or after your lifetime. The financial benefits of the gift depend on whether the University of Dayton can use the property in a way that is related to our mission.

Related use property—e.g., a piece of artwork donated to an art museum—is deductible at the full fair market value. Any other property is deemed nonrelated use property and the deduction would be limited to the lesser of fair market value or your tax basis in the property.

We are always humbled by donors who want to give various property or collections to UD. However, some property or collections come with unique challenges such as care or space requirements. We endeavor to use all of our donations to help students and faculty. As a result, we cannot accept every property donation offered to us. Please contact us so that we can discuss your interest in a property donation and whether UD can use the property in a meaningful and enriching way.

If the federal income tax charitable deduction claimed for a gift of tangible personal property exceeds $5,000, you must obtain an appraisal from a qualified appraiser and submit a special IRS form with the tax return on which the deduction is claimed.

Ways to Use Property as a Donation

An outright gift. This allows you to benefit our work today and receive a federal income tax charitable deduction if you itemize.

A gift in your will or living trust. You can leave a legacy at the University of Dayton by donating property to the University through your will or living trust.

A bargain sale. You can sell us your property for less than the fair market value of the item. For example, if you sell us an antique for $30,000 that is worth $50,000, you will receive a federal income tax charitable deduction of $20,000 plus the payment from the University of $30,000.

A memorial or tribute gift. If you have a friend or family member whose life has been touched by the University, consider making a gift in their name.

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