alt
Mercyhurst Alumni is on Facebook Follow Mercyhurst Alumni on Twitter Connect with other alumni on LinkedIn The Official Mercyhurst Alumni YouTube Channel

Gifts of Personal Property

Gifts to Mercyhurst University take many forms, and the University welcomes gifts of property other than cash and securities.

Sometimes these contributions directly relate to Mercyhurst’s educational mission. Other property gifts allow the University to sell the asset and convert it to cash.

How It Works:

The University accepts a wide range of property gifts, including rare books and manuscripts, artwork, scientific instruments, computer software, patents, copyrights and other intellectual property.

Using an instrument of transfer that is appropriate for the property involved, you transfer the title to Mercyhurst. The gift can be made with no restrictions or as a way to fund an endowed fund or charitable remainder trust.

Please note that federal income tax rules require that most gifts of this sort be supported by an appraisal and certain kinds of property gifts are subject to special income tax rules, which should be discussed with your tax advisor.

Where to Start:

It is important to discuss any gift of property with Mercyhurst in advance of the property being transferred so the University can determine if the property can be used and does not inadvertently expose itself to any associated liabilities. Please contact Ryan J. Palm ’07, assistant vice president for advancement at rpalm@mercyhurst.edu or by calling 814-824-3320 to start a conversation about this type of gift.

A gift of tangible personal property entitles you to membership in the O’Neil Society, the recognition society for those giving to Mercyhurst through their will or other estate-related gifts.

 

Last updated on February 11, 2014

Mercyhurst Alumni is on Facebook Follow Mercyhurst Alumni on Twitter Connect with other alumni on LinkedIn The Official Mercyhurst Alumni YouTube Channel