Tangible Personal Property

Tangible Personal Property Diagram. Description of image is listed below.

How It Works

  1. Please call us to discuss the type of tangible property, possible uses of your gift by Miss Porters School, and getting an appraisal
  2. You receive a charitable income-tax deduction for the full fair-market value of the property if the gift's use is related to Miss Porters School's exempt purposes
  3. If the use is unrelated to our exempt purposes or if it's understood that we will be selling the property, then the deduction is limited to your cost basis

Benefits

  • You receive a federal income-tax deduction for the fair-market value if the gift's use is related to Miss Porters School's charitable purposes
  • You avoid capital-gain tax on long-term related-use property (Note: The top capital-gain tax rate on such assets is 28%.)
  • You provide significant support for Miss Porters School without affecting your income

Special note: You should call or e-mail us to tell us of your intent with regards to the property, and we will be able to assist you with the details of the transfer.

 

Contact Us

Susan MacColl Walker
Director of Gift Planning
860-409-3626
swalker@missporters.org

Miss Porter's School
60 Main Street
Farmington, CT 06032

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Since 1843

Miss Porter’s School educates young women to become informed, bold, resourceful and ethical global citizens. We expect our graduates to shape a changing world.

Miss Porter’s School admits qualified students, who identify as girls, of any race, color, religious affiliation, national and ethnic origin, ancestry, mental or physical disability, or sexual orientation to all the rights, privileges, programs, and activities generally accorded or made available to students at the School. The School does not discriminate on the basis of race, color, religious affiliation, national and ethnic origin, ancestry, mental or physical disability, or sexual orientation or any other status protected by applicable law in the administration of its educational policies, admissions and financial aid policies, and athletic or other school administered programs.

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