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Baylor Health Care System Foundation

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  • About Us
    • About the Foundation
    • Foundation Board
    • Foundation Team
    • Contact Us
  • Areas of Need
    • FY18 Priorities
      • Canine Companions
      • Hope Lodge
      • Medical Education
      • Memory Center
      • Nursing
    • Other Initiatives
      • Campuses
      • Chronic Conditions
      • Heart and Vascular
      • Mission and Ministry
      • Neuroscience
      • Oncology
      • Transplant
      • Women and Children
  • Ways to Give
    • Donate Online
    • Major Gifts
    • Gift Planning
    • Support an Event
    • Gifts of Stock or Security
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  • Get Involved
    • Event Calendar
    • Celebrating Women
    • Grand Rounds
    • Healthy Harvest Fun Walk/5K Run
    • 1903
    • Boone Powell, Sr. Society
    • Employee Giving
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    • EveryMan
  • News & Stories
    • the torch

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Personal Property

Useful Information

  • Cynthia.Krause@bswhealth.org
  • Call 214-820-3136
  • Tax ID Number: 75-1606705

A gift of artwork, coins, antiques, or other personal property can be an excellent way to support Baylor Scott & White.

A gift of personal property may be right for you if:

  • You own artwork, antiques, or a collection of value that you no longer want.
  • You own other personal property that would be useful to us.
  • You want to save income taxes or capital gains taxes.
  • You would like to make a gift to BSW Dallas Foundation.

How It Works

You give your personal property to BSW Dallas Foundation. Either we put your property to a use related to our mission, or we sell your property and use the proceeds.

Read More on Gifts of Personal Property

Read Less on Gifts of Personal Property

Gifts of artwork, coins, and other collectibles 

You can use artwork, coins, and other collectibles to make a generous gift to BSW Dallas Foundation. Depending on the property you give us, we may either keep your property and use it for our charitable purposes or sell it and use the proceeds.

Relieve yourself of responsibility 

Maintaining valuable collectibles, such as works of art or antiques, can be a big responsibility. By giving your collectible to BSW Dallas Foundation, you will no longer be responsible for keeping it secure, preventing its deterioration, or paying to insure it against damage or loss. If you are in this situation, consider making a gift of the item or items to us.

Tax benefits 

Your gift of personal property will save you income taxes, provided you itemize, and capital gains taxes.

If we are able to use the item(s) you give us to advance our charitable purpose, you will be eligible for an immediate income tax charitable deduction equal to the full appraised value of your property. If we cannot put your property to a "related use," or you direct us to sell your property immediately for cash, your income tax charitable deduction will be limited to the amount you paid for your property.

Whether or not we are able to put your gift property to a related use, you will avoid all potential capital gains tax on your property. If you were to sell property that is considered a collectible, you would have to pay a special 28% tax on the difference between its current value and what you paid for it, rather than the 15% tax applied to sales of securities.

You may also save estate taxes, as once you give your collectible or other personal property to BSW Dallas Foundation as the property will no longer be part of your estate.

Appraisal requirements 

You will need a qualified independent appraisal of your property in order to establish the value of your gift. If you give personal property valued at $5,000 or more and you wish to take an income tax charitable deduction for your gift, you will need to include this appraisal with your federal income tax return.

Consult with us before making your gift

It is important that you discuss with us the personal property you are considering for donation before you make your gift. We want to be sure that we can accept the property you have in mind.

Also, we will want to discuss with you what will happen to your property once we receive it. We want to be sure we will be able to carry out your wishes. This discussion will also help you anticipate the likely tax benefits of your gift.

  • Our Office of Gift Planning »
  • Call 214-820-3136
  • About Us
    • About the Foundation
    • Foundation Board
    • Foundation Team
    • Contact Us
  • Areas of Need
    • FY18 Priorities
      • Canine Companions
      • Hope Lodge
      • Medical Education
      • Memory Center
      • Nursing
    • Other Initiatives
      • Campuses
      • Chronic Conditions
      • Heart and Vascular
      • Mission and Ministry
      • Neuroscience
      • Oncology
      • Transplant
      • Women and Children
  • Home Page

    • Why Give?
    • Plan Your Future
    • Inspiring Stories
    • How You Can Give
    • What You Can Give
      • Cash
      • Stocks & Bonds
      • Retirement Assets
      • IRA Charitable Rollover
      • Real Estate
      • Retained Life Estates
      • Life Insurance
      • Personal Property
    • Boone Powell, Sr. Society
    • For Advisors
    • Contact Us
  • Get Involved
    • Event Calendar
    • Celebrating Women
    • Grand Rounds
    • Healthy Harvest Fun Walk/5K Run
    • 1903
    • Boone Powell, Sr. Society
    • Employee Giving
    • Board Giving
    • Third Party Events
    • EveryMan
  • News & Stories
    • the torch

Baylor Scott & White Dallas Foundation

© 2020 Baylor Health Care System.
All rights reserved.

Contact Info

3600 Gaston Avenue, Suite 100
Dallas, TX 75246-2017
ph 214-820-3136

Learn More

  • About Us
    • About the Foundation
    • Foundation Team
    • Contact Us
  • Areas of Need
    • Funding Priorities
      • Canine Companions
      • Hope Lodge
      • Medical Education
      • Memory Center
      • Nursing
    • Other Initiatives
      • Campuses
      • Chronic Conditions
      • Heart and Vascular
      • Mission and Ministry
      • Neuroscience
      • Oncology
      • Transplant
      • Women and Children
  • Ways to Give
    • Donate Online
    • Major Gifts
    • Gift Planning
    • Support an Event
    • Gifts of Stock or Security
    • Corporate Giving
  • Get Involved
    • Event Calendar
    • Celebrating Women
    • Grand Rounds
    • Healthy Harvest Festival
    • 1903
    • Boone Powell, Sr. Society
    • Give to Change
    • Board Giving
    • Third Party Events
    • EveryMan
  • News & Stories
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