Property Donations Make Great Gifts

Turn Your Treasures Into a Charitable Legacy

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 we 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.

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 gives you an immediate federal income tax charitable deduction.

A gift in your will or living trust. You can leave a legacy at Colorado State University by donating property to us through your will or living trust and receive a federal estate tax charitable deduction.

A memorial or tribute gift. If you have a friend or family member whose life has been touched by CSU, consider making a gift to us in his or her name.

An endowed gift. Create an endowment or contribute to one that is already established to ensure that your support of CSU will last forever.

A charitable remainder trust. You may be able to contribute tangible personal property to a charitable remainder trust. If you or a family member is an income beneficiary, you will receive a federal income tax charitable deduction when the property is sold. An additional contribution of cash or appreciated securities is recommended to cover expenses until the tangible personal property is sold.

Next Steps

  1. Complete the Statement of Intent form to let us know of your gift intentions and to ensure peace of mind that your gift will have the desired impact at CSU.
  2. Contact the Office of Gift Planning at giftplanning@colostate.edu or (970) 491-3414 for additional information.
  3. Seek the advice of your financial or legal advisor.
  4. When including CSU in your plans, please use our legal name and federal tax ID.

Legal Name: Colorado State University Foundation
Location: PO Box 1870, Fort Collins, CO 80522
Federal Tax ID Number: 23-7098397