Planned Giving

Gifts of Personal Property

Gift of Personal Property Diagram

How It Works

  • You transfer a valuable painting, antique, or other personal property to Wells College.
  • Wells College may hold and display the property or use it in the furtherance of its mission.
  • Wells College may sell the property at some point in the future and use the proceeds for its mission.

Benefits

  • You receive an immediate income tax deduction for the appraised value of your gift and pay no capital gains tax, so long as the gift can be used by Wells College to carry out its mission.
  • In certain cases, you can use personal property to fund a life-income gift that provides you and/or other loved ones with an income now and benefits Wells College in the future.
  • Without using cash, you can make a gift that is immediately beneficial to Wells College.


The material presented on this Planned Giving website is not offered as legal or tax advice.
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Wells College promises a relevant liberal arts and sciences education. Intellectually challenging. Reinterpreted for today. Classroom teaching combined with hands-on learning. Wells graduates enter the world prepared for successful futures.

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