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Gifts of Personal Property or Real Estate Personal Property Mutual funds, corporate stock (both publicly-traded and closely-held), and government, corporate and municipal bonds are the most common types of personal property gifts. They are easy to value and they’re simple to transfer. But gifts of tangible items such as, paintings, photographic exhibits, sculptures, collections and the like are also treasured by Lewis-Clark State College. These treasures can be displayed prominently in our public buildings and in many cases resourcefully used in the College's teaching and learning environment. Real Estate Real property--gifts of commercial property, vacant land, farmland, timberland, and personal or vacation residences makes an ideal gift to Lewis-Clark State College. Sometimes such land is used by the College in its ongoing mission, and sometimes it is marketed and sold. You get gift credit and an income tax deduction based on the full, appraised value of the property. You also get insulation against the capital gains tax on the appreciation in its value over the years you have held it. And, you have the assurance that the gift will be used in the way you have directed. To obtain information about making a gift of personal property or real estate to the LCSC Foundation, please call the College Advancement Office at (208) 792-2458 or, e-mail collegeadvancement@lcsc.edu. |