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Gift Planning
Gifts of Personal Property To obtain a full market value deduction for a gift of personal property, its use must be related to our charitable purposes or functions. If not, the deduction is for cost basis only (or, if less, fair market value). To illustrate this, a gift of a portrait of a patriot to the DAR museum is clearly a related use gift. However, if the work of art contributed is a velvet picture of Elvis that NSDAR intends to sell, the deduction may be for cost basis only. For More Information Email us, complete the personal illustration form, or call us at
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