Tangible Personal Property

 

Meredith accepts art, antiques, or any other form of tangible personal property as charitable gifts. Each item must be evaluated by Meredith College to determine whether or not it is related to the school's tax-exempt status and whether the College may reasonably use the gift. Gifts directly related to the College's tax-exempt purpose (e.g. a painting that is useful in art classes) can be deducted at their current market values. Other non-related gifts are limited to a deduction equal to your cost basis, which is generally what you paid for the item. If the College wishes to accept the property and if the property is valued at more than $5,000, you must obtain a professional independent appraisal (not more than 60 days prior to the date of gift) to receive a charitable deduction. Please consult your own advisors for tax and legal advice.

Contact Information:

221 Johnson Hall
Phone: (919) 760-8374
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