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Gifts of Tangible Personal Property

YOUR COLLECTIBLE TREASURES MAY MAKE YOUR PHILANTHROPIC VISION A REALITY.

Giving art, jewelry, rare books or manuscripts and other collectibles to UCLA provides you with tax advantages and the satisfaction of a legacy that will benefit generations to come.

A Lifetime's Legacy

BENEFITS

  • Receive a charitable income tax deduction based on the full fair market value of your personal property if it is accepted into UCLA's permanent collections or used in a way that relates to the university's educational and research mission. (Property must be owned for more than one year.)
  • Benefit from an estate tax deduction (if your estate is subject to estate tax) when you donate your personal, collectible property to The UCLA Foundation through your will or living trust.
  • If your personal property has appreciated in value since its purchase, you may avoid capital gains tax by donating it instead of selling it.
  • Eliminate items from your estate that may be subject to tax and that may also be difficult and expensive to insure.

HOW IT WORKS

  • If UCLA uses the property for a purpose related to the campus' educational mission, you may then take an income tax deduction for the full fair market value of the property at the time the gift is made.
  • If the value of the donated property exceeds $5,000, you must seek a qualified appraisal (from an independent professional) in order to substantiate the charitable income tax deduction amount.
  • If your personal property does not relate to the university's mission and you would like to donate it for UCLA to sell, your tax deduction is based on the item's cost basis (what you originally paid for it).
  • You may also direct the use of sale proceeds to any department or program you wish.
  • If the gift is made through your will or living trust, your estate could receive an estate tax deduction for the full fair market value of the property left to the university (if your estate is subject to estate tax). Please contact UCLA's Office of Gift Planning for assistance with appropriate language to include in your estate plan.
  • Each gift of personal property is unique and the issues related to its use can be complex. If you are considering such a philanthropic gift, please contact UCLA's Office of Gift Planning for specific and personalized information.

Contact Us

800-737-UCLA (8252) • giftplanning@support.ucla.edu

UCLA's gift planning professionals are happy to provide you and your legal and financial advisors with more information on the transfer of appreciated securities, bonds and mutual fund shares and provide assistance with your gift designation. Any information in this publication is not intended as legal, accounting, or financial advice. Please consult with your tax, legal, and financial advisors to ascertain whether this gift option and other gift plans are in keeping with your own tax and financial needs. Conversations with the university's gift planning team are always confidential and never imply obligation.

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UCLA Bequest Challenge

UCLA Bequest Challenge

100% toward goal!

Thank you to our generous UCLA alumni and friends who chose to remember UCLA in their wills or living trusts in support of the many campus units! We reached our goal of identifying more than 1,200 new bequest intentions to the university.

Each gift represents future scholarships and fellowships, new research breakthroughs, world-class patient care, a place for the arts to flourish, and so much more.

It is not too late to establish a meaningful legacy gift and join a philanthropic effort that will propel and support the university into its second century.
Please contact UCLA's Office of Gift Planning.