Personal Property | American Red Cross | Help Those Affected by Disasters

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class="nav" id="main-menu"> <li class="expanded leaf" data-title="How You Can Give"> <a href="/how-you-can-give" class="expanded" data-title="How You Can Give" data-drupal-link-system-path="node/4">How You Can Give</a> <ul id="main-menu" class="nav child" id="main-menu"> <li class="leaf" data-title="Giving Through Your Estate"> <a href="/how-you-can-give/giving-through-your-estate" data-title="Giving Through Your Estate" data-drupal-link-system-path="node/68">Giving Through Your Estate</a> <ul id="main-menu" class="child nav" id="main-menu"> <li class="leaf" data-title="Bequests"> <a href="/how-you-can-give/giving-through-your-estate/bequests" title="Bequests" data-title="Bequests" data-drupal-link-system-path="node/15">Bequests</a> </li> <li class="leaf" data-title="Bequest Language"> <a href="/how-you-can-give/giving-through-your-estate/bequest-language" title="Bequest Language" data-title="Bequest Language" data-drupal-link-system-path="node/28">Bequest Language</a> </li> <li class="leaf" data-title="Beneficiary Designation"> <a href="/how-you-can-give/giving-through-your-estate/beneficiary-designation" title="Beneficiary Designations" data-title="Beneficiary Designation" data-drupal-link-system-path="node/16">Beneficiary Designation</a> </li> </ul> </li> <li class="leaf" data-title="Giving and Generating Income"> <a href="/how-you-can-give/giving-and-generating-income" title="Giving and Generating Income" data-title="Giving and Generating Income" data-drupal-link-system-path="node/17">Giving and Generating Income</a> <ul id="main-menu" class="child nav" id="main-menu"> <li class="leaf" data-title="Charitable Gift Annuity"> <a href="/how-you-can-give/giving-and-generating-income/charitable-gift-annuity" title="Charitable Gift Annuity" data-title="Charitable Gift Annuity" data-drupal-link-system-path="node/57">Charitable Gift Annuity</a> </li> <li class="leaf" data-title="Deferred Charitable Gift Annuity"> <a href="/how-you-can-give/giving-and-generating-income/deferred-charitable-gift-annuity" data-title="Deferred Charitable Gift Annuity" data-drupal-link-system-path="node/56">Deferred Charitable Gift Annuity</a> </li> <li class="leaf" data-title="Charitable Remainder Annuity Trusts"> <a href="/how-you-can-give/giving-and-generating-income/charitable-remainder-annuity-trust" data-title="Charitable Remainder Annuity Trusts" data-drupal-link-system-path="node/65">Charitable Remainder Annuity Trusts</a> </li> <li class="leaf" data-title="Charitable Remainder Unitrust"> <a href="/how-you-can-give/giving-and-generating-income/charitable-remainder-unitrust" data-title="Charitable Remainder Unitrust" data-drupal-link-system-path="node/59">Charitable Remainder Unitrust</a> </li> <li class="leaf" data-title="Charitable Flip Unitrust"> <a href="/how-you-can-give/giving-and-generating-income/charitable-flip-unitrust" data-title="Charitable Flip Unitrust" data-drupal-link-system-path="node/62">Charitable Flip Unitrust</a> </li> <li class="leaf" data-title="The IRA Charitable Rollover Gift Annuity Plan"> <a href="/how-you-can-give/giving-and-generating-income/ira-charitable-rollover-gift-annuity-plan" data-title="The IRA Charitable Rollover Gift Annuity Plan" data-drupal-link-system-path="node/535">The IRA Charitable Rollover Gift Annuity Plan</a> </li> </ul> </li> <li class="leaf" data-title="Giving and Tax Benefits"> <a href="/how-you-can-give/giving-and-tax-benefits" data-title="Giving and Tax Benefits" data-drupal-link-system-path="node/67">Giving and Tax Benefits</a> <ul id="main-menu" class="child nav" id="main-menu"> <li class="leaf" data-title="Charitable Lead Annuity Trust"> <a href="/how-you-can-give/giving-and-tax-benefits/charitable-lead-annuity-trust" data-title="Charitable Lead Annuity Trust" data-drupal-link-system-path="node/18">Charitable Lead Annuity Trust</a> </li> <li class="leaf" data-title="Charitable Lead Unitrust"> <a href="/how-you-can-give/giving-and-tax-benefits/charitable-lead-unitrust" data-title="Charitable Lead Unitrust" data-drupal-link-system-path="node/64">Charitable Lead Unitrust</a> </li> <li class="leaf" data-title="Retained Life Estates"> <a href="/how-you-can-give/giving-and-tax-benefits/retained-life-estates" data-title="Retained Life Estates" data-drupal-link-system-path="node/19">Retained Life Estates</a> </li> <li class="leaf" data-title="Bargain Sale"> <a href="/how-you-can-give/giving-and-tax-benefits/bargain-sale" title="Bargain" data-title="Bargain Sale" data-drupal-link-system-path="node/20">Bargain Sale</a> </li> </ul> </li> </ul> </li> <li class="expanded leaf active-trail" data-title="What You Can Give"> <a href="/what-you-can-give" class="active-trail active" data-title="What You Can Give" data-drupal-link-system-path="node/5">What You Can Give</a> <ul id="main-menu" class="child nav" id="main-menu"> <li class="leaf" data-title="Cash"> <a href="/what-you-can-give/cash" data-title="Cash" data-drupal-link-system-path="node/66">Cash</a> </li> <li class="leaf" data-title="Stocks & Bonds"> <a href="/what-you-can-give/stocks-bonds" data-title="Stocks & Bonds" data-drupal-link-system-path="node/21">Stocks & Bonds</a> </li> <li class="leaf" data-title="Retirement Assets"> <a href="/what-you-can-give/retirement-assets" data-title="Retirement Assets" data-drupal-link-system-path="node/22">Retirement Assets</a> </li> <li class="leaf" data-title="Life Insurance"> <a href="/what-you-can-give/life-insurance" data-title="Life Insurance" data-drupal-link-system-path="node/23">Life Insurance</a> </li> <li class="leaf" data-title="Real Estate"> <a href="/what-you-can-give/real-estate" data-title="Real Estate" data-drupal-link-system-path="node/24">Real Estate</a> </li> <li class="leaf active-trail" data-title="Personal Property"> <a href="/what-you-can-give/personal-property" title="A gift of personal property" class="active-trail active is-active" data-title="Personal Property" data-drupal-link-system-path="node/25" aria-current="page">Personal Property</a> </li> </ul> </li> <li class="expanded leaf" data-title="Next Steps"> <a href="/make-a-plan" class="expanded" data-title="Next Steps" data-drupal-link-system-path="node/3">Next Steps</a> <ul id="main-menu" class="child nav" id="main-menu"> <li class="leaf" data-title="Resources"> <a href="/next-steps/resources" data-title="Resources" data-drupal-link-system-path="node/218">Resources</a> <ul id="main-menu" class="child nav" id="main-menu"> <li class="leaf" data-title="Create Your Will"> <a href="/next-steps/resources/create-your-will" data-title="Create Your Will" data-drupal-link-system-path="node/198">Create Your Will</a> </li> <li class="leaf" data-title="Estate Planning"> <a href="/next-steps/resources/estate-planning" data-title="Estate Planning" data-drupal-link-system-path="node/12">Estate Planning</a> </li> <li class="leaf" data-title="Retirement Planning"> <a href="/next-steps/resources/retirement-planning" data-title="Retirement Planning" data-drupal-link-system-path="node/13">Retirement Planning</a> </li> </ul> </li> <li class="leaf" data-title="Tools"> <a href="/next-steps/tools" data-title="Tools" data-drupal-link-system-path="node/217">Tools</a> <ul id="main-menu" class="child nav" id="main-menu"> <li class="leaf" data-title="Find the Right Gift"> <a href="/next-steps/tools/find-right-gift" data-title="Find the Right Gift" data-drupal-link-system-path="node/29">Find the Right Gift</a> </li> <li class="leaf" data-title="Compare Gifts"> <a href="/next-steps/tools/compare-gifts" data-title="Compare Gifts" data-drupal-link-system-path="node/30">Compare Gifts</a> </li> <li class="leaf" data-title="Calculator"> <a href="/next-steps/tools/calculator" data-title="Calculator" data-drupal-link-system-path="node/31">Calculator</a> </li> </ul> </li> </ul> </li> <li class="expanded leaf" data-title="Why Give?"> <a href="/why-give" 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Bauer"> <a href="/jeffry-bauer" data-title="Jeffry M. Bauer" data-drupal-link-system-path="node/54">Jeffry M. Bauer</a> </li> <li class="leaf" data-title="Brad Houle"> <a href="/Brad-Houle" data-title="Brad Houle" data-drupal-link-system-path="node/53">Brad Houle</a> </li> <li class="leaf" data-title="Katharine Kim"> <a href="/why-give/legacy-society-member-stories/katharine-kim" data-title="Katharine Kim" data-drupal-link-system-path="node/55">Katharine Kim</a> </li> <li class="leaf" data-title="Tripp Robinson"> <a href="/why-give/donor-stories/tripp-robinson" data-title="Tripp Robinson" data-drupal-link-system-path="node/211">Tripp Robinson</a> </li> <li class="leaf" data-title="Bob Courtemanche and Eileen Keaveny"> <a href="/why-give/legacy-society-member-stories/bob-courtemanche-and-eileen-keaveny" data-title="Bob Courtemanche and Eileen Keaveny" data-drupal-link-system-path="node/221">Bob Courtemanche and Eileen Keaveny</a> </li> </ul> </li> <li class="leaf" data-title="How Your Gift Helps"> <a href="/why-give/how-your-gift-helps" data-title="How Your Gift Helps" 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Advisors</a> </li> <li class="leaf" data-title="Contact Us"> <a href="/contactus" data-title="Contact Us" data-drupal-link-system-path="node/7">Contact Us</a> </li> </ul> </div> </div> </div> </div> <div class="pg-content-inline-blocks"> <div> <div class="views-element-container clearfix" id="block-arc-2-views-block-block-contact-us-block-1"> <div><div class="block-pgc-contact-block js-view-dom-id-7cba094c52d005593d0f69947cc7779824a9176b0e7c777e9cd846a2b5bf2df0"> <div><div id="block-pgc-contact-block-pgc-contact-block"> <h2 class="title">Talk to Us</h2> <div class="content"><ul id="pgc-contact-block"><li class="line"><a href="/local-gpo" title="Contact your local giving specialist"><span class="icon-staff"></span>Contact your local giving specialist</a></li><li class="line"><a href="/legacy-society-member-profile" title="Notify us of your gift"><span class="icon-talk"></span>Notify us of your gift</a></li></ul></div> </div></div> </div> </div> </div> <div class="views-element-container clearfix" id="block-arc-2-views-block-paragraph-resources-block-1"> <div><div class="block-pgc-resource-block js-view-dom-id-0b280f2f6994a62fbc4cafc8b53a760e880a09ab527c5c4503bf0b3371088f08"> <div><div id="pgc_resource_block"><a href="/resources/find-best-gift" title="Find the best gift for you 禄 "> <span class="icon-gift"></span></a> <a href="/resources/find-best-gift" title="Find the best gift for you 禄 ">Find the best gift for you 禄 </a></div></div> </div> </div> </div> </div> </div> <div class="pg-content-body" id="pgc-main-content" area-label="content" role="main"> <div> <div id="block-arc-2-content" class="clearfix pgc-body-content gift-type"> <article data-history-node-id="25"> <div> <div><p>A gift of artwork, coins, antiques, or other personal property can be an excellent way to support the Red Cross.</p><p><strong>A gift of </strong><em><strong>personal property</strong></em><strong> may be right for you if:</strong></p><ul><li>You own artwork, antiques, a collection of value or other items you may no longer want.</li><li>You want to save income taxes or capital gains taxes.</li><li>You would like to support the lifesaving work of the Red Cross.</li></ul><p> </p><p><strong>How It Works</strong></p><p>You give your personal property to the Red Cross. We either put your property to a use related to our mission, or we sell your property and use the proceeds.</p></div> </div> </article> </div> <div id="block-arc-2-howyourgifthelps" class="clearfix"> <div><div class="pg-how-gift-helps"> <h2>How Your Gift Helps</h2> <p>Your generosity makes it possible for the American Red Cross to provide compassionate care to those in need. Our network of generous donors share a mission of preventing and relieving suffering through service areas such as:</p> <table cellpadding="1" cellspacing="1" class="hygh-table" style="width:100%;"> <tbody> <tr> <td class="hygh-td"><img alt="disaster relief" data-entity-type="file" data-entity-uuid="108d28bc-aaae-4d98-8a55-246ecb183063" src="/sites/arc/files/inline-images/DisasterRelief.png" style="width: auto!important;" class="align-center" width="80" height="80" loading="lazy"> <p> </p> </td> <td class="hygh-td"><img alt="military families" data-entity-type="file" data-entity-uuid="723bf5a7-0dac-4f2c-bc36-006a44fa5824" src="/sites/arc/files/inline-images/MilitaryFamiliesServices.png" style="width: auto!important;" class="align-center" width="80" height="80" loading="lazy"> <p> </p> </td> <td class="hygh-td"><img alt="blood services" data-entity-type="file" data-entity-uuid="a689a641-3f04-4ce8-8537-c0593bd15517" src="/sites/arc/files/inline-images/BloodServices.png" style="width: auto!important;" class="align-center" width="80" height="80" loading="lazy"> <p> </p> </td> </tr> <tr> <td class="hygh-td"><strong>Disaster Relief</strong>, responding to approximately 60,000 disasters in the U.S. every year;</td> <td class="hygh-td"><strong>Supporting America鈥檚 Military Families</strong>, including wounded warriors and veterans;</td> <td class="hygh-td"><strong>Lifesaving Blood</strong>, the largest single supplier of blood and blood products in the U.S.</td> </tr> </tbody> </table> <p> </p> <style type="text/css">.pg-how-gift-helps { border: none; } </style> </div> </div> </div> <div class="views-element-container clearfix" id="block-arc-2-views-block-gift-type-accordion-block-1"> <div><div class="pg-gift-details js-view-dom-id-c4f6d80b3462e791417879ad68da09fcb178499181a63d4cd3c0cc9e38755ab3"> <div> <div> <div class="accordion-header-text views-accordion-header js-views-accordion-header-c4f6d80b3462e791417879ad68da09fcb178499181a63d4cd3c0cc9e38755ab3"><span class="header-text-collapsed" tabindex="1">Show more details</span><span class="header-text-expanded hide">Hide details</span></div><div class="pg-gift-details-body accordion-item"><p><strong>Gifts of artwork, coins, and other collectibles </strong><br>You can use artwork, coins, and other collectibles to make a generous gift to the Red Cross. Depending on the property you give us, we may either keep your property and use it for our charitable purposes or sell it and use the proceeds.</p><p><strong>Gifts of other personal property </strong><br>You may own equipment, supplies, or other personal property that you no longer need and would be useful to us. Please discuss these items with us prior to your donation to determine which ones we will be able to put to productive use.</p><p><strong>Relieve yourself of responsibility </strong><br>Maintaining valuable collectibles, such as works of art or antiques, can be a big responsibility. By giving your collectible to the Red Cross, you will no longer be responsible for keeping it secure, preventing its deterioration, or paying to insure it against damage or loss. If you are in this situation, consider making a gift of the item or items to us.</p><p><strong>Tax benefits </strong><br>Your gift of personal property will save you income taxes, provided you itemize, and capital gains taxes.</p><p>If we are able to use the item(s) you give us to advance our charitable purpose, you will be eligible for an immediate income tax charitable deduction equal to the full appraised value of your property. If we cannot put your property to a "related use," or you direct us to sell your property immediately for cash, your income tax charitable deduction will be limited to the amount you paid for your property.</p><p>Whether or not we are able to put your gift property to a related use, you will avoid all potential capital gains tax on your property. If you were to sell this property, you would have to pay a special 28% tax on the difference between its current value and what you paid for it, compared to the 15-20% tax applied to sales of securities.</p><p>You may also save estate taxes, as once you give your collectible or other personal property to the Red Cross the property will no longer be part of your estate.</p><p><strong>Appraisal requirements </strong><br>You will need a qualified independent appraisal of your property in order to establish the value of your gift. If you give personal property valued at $5,000 or more and you wish to take a charitable income tax deduction for your gift, you will need to include this appraisal with your federal income tax return.</p><p><strong>Consult with us before making your gift</strong><br>It is important that you discuss with us the personal property you are considering for donation before you complete your gift. We want to be sure that we can accept the property you have in mind.</p><p>Also, we will want to discuss with you what will happen to your property once we receive it. We want to be sure we will be able to carry out your wishes. This discussion will also help you anticipate the likely tax benefits of your gift.</p></div> <h2>Example</h2> <div class="pg-gift-example-body accordion-item"><p>Calvin Powers has been an avid stamp collector since he was a kid. His collection was appraised for insurance purposes last year at $20,000. Calvin paid $2,000 for his stamps.</p><p>Calvin is in his 80s now and is no longer adding to his collection. None of his children have expressed an interest in taking it over. A devoted supporter of the American Red Cross for many years, he wonders whether we could make good use of his collection.</p><p>After a discussion with Calvin and his advisors, we determined that it would be best for the Red Cross to sell the stamp collection and use the proceeds. Calvin is pleased that the value of his stamps will help support our organization and that the stamps themselves will wind up in the collections of others who will enjoy them as much as he has.</p><p>Calvin will be able to deduct the original value of $2,000 that he paid for the stamps from his income taxes because the Red Cross will sell the stamps and use the proceeds.  Calvin understands this and is happy to proceed with his gift, knowing that it will provide valuable support to the Red Cross, as well as settle what is to become of his beloved stamp collection. Had Calvin sold the stamp collection on his own and received $20,000, his capital gain tax liability would have been $5,040. Instead, by making a gift to the Red Cross, all the proceeds from our sale of the collection can be used to provide our programs and services. </p><p> </p></div> </div> </div> </div> </div> </div> </div> </div> <div class="clear"></div> </div> </div> </div> </div> </div> </div> </div> </main>  <div style="display: none"> <div class="path" original-class="path"> /content/redcross/en/donations/ways-to-donate/planned-giving </div> </div>  <footer> <div class="footer-main" original-class="footer-main"> <div class="container-fluid" original-class="container-fluid"> <div class="row" original-class="row"> <nav class="social-links col-xl-3" original-class="social-links col-xl-3" data-context="social-links"> <a data-aa-footer-social="Social Link Not Set" href="https://www.facebook.com/redcross" target="_blank"><i aria-label="Facebook" class="fab fa-facebook-f" original-class="fab fa-facebook-f"></i></a> <a data-aa-footer-social="Social Link Not Set" href="https://twitter.com/redcross" 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