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Personal Property

Personal Property

How It Works

  • You transfer a valuable painting, antique, or other personal property to the Roman Catholic Foundation, benefiting your favorite parish, school, or ministry.
  • the Roman Catholic Foundation, may hold and display the property or use it in the furtherance of your favorite parish, school, or ministry.
  • the Roman Catholic Foundation, may sell the property at some point in the future and use the proceeds to benefit your favorite parish, school, or ministry.

Benefits

  • You receive 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 Roman Catholic Foundation, to carry out its mission.
  • In certain cases, you can use personal property to fund a life-income gift that provides you and/or other loved ones with an income now and benefits your favorite parish, school, or ministry, in the future.
  • Without using cash, you can make a gift that is immediately beneficial to your favorite parish, school, or ministry.

 

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