A wide range of non-cash donations such as books, real estate, artwork, special equipment, and other tangible personal property are commonly referred to as “gifts in kind.” These gifts may enhance an academic department or a USMC collection.
Gifts in kind can be made during your lifetime, or through your estate by including instructions in your will. You receive a charitable tax receipt for the appraised, fair market value determined on the day the gift is made. When the donation is made, the University will either add the donated item(s) to its collections or it will liquidate the asset, depending on a mutually agreed-upon course of action. The following types of property require special consideration and consultation with the University to ensure that they support its academic priorities:
real estate certified cultural property personal book collections For more information please contact 416-926-1300 or email smc.annualfund@utoronto.ca.