Skip Ribbon Commands
Skip to main content
Sign In
Search Policy Site
Pacific Logo

Skip Navigation LinksTangible Personal Property

Tangible Personal Property Gifts


‚ÄčPacific will consider gifts of tangible personal property, including but not limited to works of art, manuscripts, literary works, boats, motor vehicles, and computer hardware, only after a thorough review that indicates that the property is either readily marketable, or needed by the university for use in a manner which is related to one of the purposes for which tax exempt status of the university was granted, that is, for education, health care, research, or a combination thereof.
 
Gifts of personal property that qualify as a charitable deduction for a donor should be counted in accordance with the gift in kind policies regardless of the value the donor may be able to take as a charitable deduction. IRS requirements for gift substantiation note that the donor has the responsibility for valuing property for tax deduction purposes.
About This Policy
Last Updated
2/10/2014
Original Issue Date
10/5/2012

Responsible Department
Board of Regents