Gifts of Personal Property

Assets related to the educational mission of Lawrence (books, art works, scientific or historical collections, etc.) generate tax deductions equal to the fair market value of the gift. Gifts of property unrelated to the college's purpose are deductible on the basis of their cost to the donor. When appropriate, Lawrence retains the right to add such items to its permanent collections or inventories. The college also may sell the items and use the proceeds to generate capital for a purpose specified by the donor.