Outright Gift or Bargain Sale

Turn Your Treasures Into a Charitable Legacy

Your treasures like valuable antiques, stamp and coin collections, works of art, cars, boats and other personal property can make suitable charitable gifts today or after your lifetime. The financial benefits of the gift depend on whether Lehigh University can use the property in a way that is related to our mission.

Related use property—e.g., a piece of artwork donated to an art museum—is deductible at the full fair market value. Any other property is deemed nonrelated use property and the deduction would be limited to the lesser of fair market value or your tax basis in the property.

If the federal income tax charitable deduction claimed for a gift of tangible personal property exceeds $5,000, you must obtain an appraisal from a qualified appraiser and submit a special IRS form with the tax return on which the deduction is claimed.

Ways to Use Property as a Donation

An outright gift. This allows you to benefit our work today and receive a federal income tax charitable deduction if you itemize.

A gift in your will or living trust. You can leave a legacy at Lehigh by donating property to the University through your will or living trust.

A bargain sale. You can sell us your property for less than the fair market value of the item. For example, if you sell us an antique for $30,000 that is worth $50,000, you will receive a federal income tax charitable deduction of $20,000 plus the payment from Lehigh University of $30,000.

A memorial or tribute gift. If you have a friend or family member whose life has been touched by Lehigh University, consider making a gift in their name.

An endowed gift. Create an endowment or contribute to one that is already established to ensure that your support of Lehigh University will last forever.

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Next Steps

  1. Contact the Office of Planned Giving at (610) 758-4749 or intower@lehigh.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 Lehigh University in your plans, please use our legal name and federal tax ID.

Legal name: Lehigh University
Address: 27 Memorial Drive West, Bethlehem, PA 18015-3086
Federal tax ID number: 24-0795445