Planned Giving

Make A Cash Gift Today

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Jennifer Destefani
Vice President of Institutional Advancement
Office of Institutional Advancement
Phone: 860-832-1767
Fax: 860-832-1768
Email: jdestefani@ccsu.edu

Disclaimer

The information contained herein was accurate at the time of publication. It is provided for informational purposes only and does not constitute legal or tax advice. Individuals seeking such advice should consult with a licensed attorney or qualified tax advisor. Any figures presented are intended solely for illustrative purposes. References to tax rates pertain exclusively to federal taxes and are subject to change. Please note that state laws may also influence individual outcomes.

Gifting Personal Property

Gifting Personal Property: A Meaningful Way to Give

Transform Valued Possessions into a Lasting Legacy

Items such as fine art, antiques, coin or stamp collections, vehicles, boats, and other personal property can become impactful charitable contributions, either now or as part of your estate plan. The financial advantages of your gift may vary based on how we can incorporate the property into our mission.

When donated property is used in a way that directly supports our mission, such as artwork given to a museum, the full fair market value may be eligible for a charitable deduction. For property not used in a related way, the deduction is generally limited to the lesser of its fair market value or your original cost basis.

Please note: If your charitable deduction for tangible personal property exceeds $5,000, an independent appraisal is required, and you must submit IRS Form 8283 along with your tax return.

Flexible Ways to Donate Personal Property

Make an Immediate Impact

Consider an outright donation of property to support our mission today. This type of gift may qualify for a federal income tax deduction if you itemize.

Leave a Lasting Legacy

You can make a meaningful future gift by including Central Connecticut State University in your will or living trust through a bequest of property.

More Info About Gifting to Leave a Lasting Legacy

Honor Someone Special

Celebrate or remember a loved one whose life has been touched by Central by making a gift in their honor or memory.

More Info on Gifting to Honor Someone Special

Support Through Endowment

Establish a new endowment or contribute to an existing one to ensure your generosity has an enduring impact for generations to come.

More Info About Endowed Gifts

Use a Donor Advised Fund

In addition to cash or securities, donor advised funds may also accept tangible personal property, such as collectibles, artwork, or vehicles, that can be sold to benefit your fund and ultimately support Central.

More Info About Donor Advised Funds

Next Steps

  1. Contact Jennifer Destefani at 860-832-1767 or jdestefani@ccsu.edu for additional information on giving a gift of personal property.
  2. Seek the advice of your financial or legal advisor.
  3. If you include Central in your plans, please use our legal name and federal tax ID.

    Legal Name: CCSU Foundation, Inc.
    Address: PO Box 612, New Britain, CT 06050-9921
    Federal Tax ID Number: 23-7354328