Southeastern Louisiana University

Gifts of Tangible Property

In planning your estate, it is important to remember that property such as works of art, antiques, stamp and coin collections, jewelry, etc. may be subject to estate taxes. Should you wish to donate this type of property during your lifetime, you may reduce your taxable estate as well as receive an income tax deduction in the year of your gift.

For a gift of tangible property related to Southeastern’s tax-exempt educational function, you may take an income tax deduction for the full fair market value of the property as determined by appraisal. A gift for unrelated use will provide you with a deduction equal to the cost basis of the property.