Make a Gift Through Tangible Personal Property
Gifts-In-Kind are non-cash donations of materials or long-lived assets of personal property that are comprised of either tangible or intangible assets which are given to the Stony Brook Foundation to benefit Stony Brook University. Examples of tangible gifts of property may include personal collections, vehicles, animals, securities, equipment, software, printed materials, food, gas or oil wells. Examples of intangible gifts of property may include intellectual property, patents, copyrights or computer software under development.
Individuals: The law requires that when you estimate your gift at $5,000 or more and intend to claim it as a tax deduction, you must obtain a written appraisal from a qualified independent appraiser. In order for you to claim a gift of personal property on your income tax return, you will need to complete IRS Form 8283.
Corporations: Consult your tax advisor for information on the potential tax deductibility of your firm's gift and for the proper procedure to claim it.
Please refer to SBF’s Gift-In-Kind Policy (coming soon!) for more information on policy and procedures and complete SBF’s Gift-In-Kind Form (coming soon!) and submit to:
Samantha Silvia
giftadmin@stonybrook.edu
(631) 632 –4689