Gifts of Personal Property

How it works

You transfer a valuable painting, antiques, collectibles or other personal property to the Catholic Foundation of Maine.

The Catholic Foundation of Maine may hold and display the property or use it in the furtherance of its mission. The Catholic Foundation of Maine may sell the property at some point in the future and use the proceeds for its mission.

Benefits

• You receive gift credit and an immediate income tax deduction for the appraised value of your gift and pay no capital gains tax, so long as the gift can be used by the Catholic Foundation of Maine to carry out its mission.
• In certain cases, you can use personal property to fund a life-income gift that provides you with income now and benefits the Catholic Foundation of Maine.
• You have the satisfaction of making a significant gift now to the Catholic Foundation of Maine without adversely affecting your cash flow.

More

• Is this gift for you? Click here.

To learn more about gifts of personal property, Email us, complete the Information Request Form, or call us at 207-321-7835 so that we can assist you.