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Personal Property
You can give Wayne Presbyterian Church
investment partnership shares or closely-held stock, as an outright transfer or to fund a life-income gift. Such a gift should be carefully reviewed by your legal and tax counsel first, and we will also assess it before we proceed.
How it works
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You transfer a valuable painting, antiques, collectibles or other personal property to Wayne Presbyterian Church.
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After the transfer, Wayne Presbyterian Church may elect to hold the property and display or use it in the furtherance of its mission. Another option is for Wayne Presbyterian Church to sell the property at some point in the future and use the proceeds for its programs.
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Benefits
- You receive gift credit and an immediate income tax deduction for the appraised value of your gift and pay no capital gains tax, provided your gift satisfies the "related use" requirements of the IRS.
- In certain cases, you can use personal property to fund a life-income gift that provides you with income now and benefits Wayne Presbyterian Church.
- You can have the satisfaction of making a significant gift now to Wayne Presbyterian Church without adversely affecting your cash flow.
More
Your interest in planned giving to Wayne Presbyterian Church is greatly appreciated. If you would like to learn more about gifts of personal property, please contact Rev. Steven Harberts, Associate Pastor at stharberts@waynepres.org or (610) 688-8700; or the Chair of the Planned Giving Committeee, M. Parker Blatchford at mpblatchford@aol.com or (610) 688-9030; or complete the Information Request Form.
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