Tangible Personal Property

Tangible Personal Property Diagram. Description of image is listed below.

How It Works

  1. Please call us to discuss the type of tangible property, possible uses of your gift by CNEWA, and getting an appraisal
  2. You receive a charitable income-tax deduction for the full fair-market value of the property if the gift's use is related to CNEWA's exempt purposes
  3. If the use is unrelated to our exempt purposes or if it's understood that we will be selling the property, then the deduction is limited to your cost basis

Benefits

  • You receive a federal income-tax deduction for the fair-market value if the gift's use is related to CNEWA's charitable purposes
  • You avoid capital-gain tax on long-term related-use property (Note: The top capital-gain tax rate on such assets is 28%.)
  • You provide significant support for CNEWA without affecting your income

Special note: You should call or e-mail us to tell us of your intent with regards to the property, and we will be able to assist you with the details of the transfer.

 

Federal Tax ID Number: 13-1623929


Contact Us

Brian McGinley
Director of Development
Office: (646) 791-0291
bmcginley@cnewa.org

Catholic Near East Welfare Association
220 East 42nd Street
New York, NY 10017

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