Outright Gift

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 the University of San Francisco 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 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 San Francisco by donating property to USF through your will or living trust.

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

An endowed gift. Create an endowment or contribute to one that is already established to ensure that your support of USF 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.

A donor advised fund. Gifts to donor advised funds are not limited to cash and securities. Tangible personal property such as valuable antiques, stamp and coin collections, art, cars and boats may be able to be gifted and sold to benefit your fund.

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Next Steps

  1. Contact Office of Gift Planning at (415) 422-4163 or giftplanning@usfca.edu for additional information on giving a gift of personal property.
  2. Seek the advice of your financial or legal advisor.
  3. If you include USF in your plans, please use our legal name and federal tax ID.

Legal name: University of San Francisco
Address: 2130 Fulton St., San Francisco, CA 94117
Federal tax ID number: 94-1156628

Personal Estate Planning Kit

Our Top Free Resource

This comprehensive estate planning kit helps you protect your family and establish your legacy. FREE!

Download My Kit