Skip to main content
Gifts of Personal Property
How It Works
- You transfer a valuable painting, antique, or other personal property to Academy Prep Center of St. Petersburg.
- Academy Prep Center of St. Petersburg may hold and display the property or use it in the furtherance of its mission.
- Academy Prep Center of St. Petersburg 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 Academy Prep Center of St. Petersburg 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 Academy Prep Center of St. Petersburg in the future.
- Without using cash, you can make a gift that is immediately beneficial to Academy Prep Center of St. Petersburg.
