The Foundation accepts in kind gifts and donations of property such as real estate or artwork. You can claim an income tax deduction for the fair market value of the item. If you have owned tangible personal property such as artwork for more than a year and we can use it in a manner related to our community college function, you will qualify for a deduction equal to the full fair market value. You may also donate equipment or supplies for college use. To learn more, please email foundation@fhda.edu or call 650-949-6230.
NOTE: The Foundation considers each offer of a gift in kind for suitability. If you plan to declare a donation value greater than $5,000 on your tax form, you must complete IRS Form 8283 that ordinarily requires a qualified independent appraisal.
You can download the In Kind Gift Form here.
|
