Canisius College accepts gifts of real estate and welcomes a variety of tangible personal property, including works of art, rare books, etc., as well as gifts-in-kind, such as computer software.
Depending upon your circumstances, a gift of appreciated real estate can be an especially advantageous way to give to Canisius. As with gifts of appreciated securities, if you give the property directly to Canisius, you may avoid payment on the capital gain and be eligible for a federal income tax deduction equal to the fair market value of the property. Appreciated property may also be a particularly good choice for funding a deferred gift that pays you income, such as a charitable remainder trust or a charitable gift annuity. To find out more about these options, visit our planned giving page.
Gifts of tangible personal property and gifts-in-kind qualify for a federal income tax charitable deduction. The size of the deduction depends on the value of the gift and whether the gift is related to the educational mission of the college. For works of art and other such gifts of tangible personal property, the donor is responsible for determining the value of the gift based upon an independent fair market appraisal.
Gifts of service, while highly valued by Canisius, are not recognized by the IRS for federal income tax charitable deductions. Please contact Fran Mergl, director of development services, at merglf@canisius.edu or (716) 888-8211 for more information.