Personal Property

When planning your estate, remember that valuable collections, works of art, and other forms of tangible personal property may be subject to estate taxes. Donating such items during your lifetime rather than at death reduces your taxable estate and also reduces your taxable income in the year of the gift.

For a gift of tangible property, you are entitled to an income tax charitable deduction amounting to the property's full, fair-market value, up to 30 percent of the donor's adjusted gross income. This is provided the use of the object is directly related to Potomac Ridge Behavioral Health Foundation's tax-exempt functions. If the property cannot be used directly by Potomac Ridge Behavioral Health System, your tax deduction is the lesser of the property's original cost or the fair market value.

Gifts of tangible personal property must be approved by Potomac Ridge Behavioral Health Foundation.

For more information about gifts of personal property, e-mail us at prbhfoundation@adventisthealthcare.com or phone 301-251-4677 or toll free at 1-800-204-8600 ext. 4677.

For more information about corporate and foundation giving opportunities, contact the Potomac Ridge Behavioral Health Foundation by e-mail at prbhfoundation@adventisthealthcare.com or phone 301-251-4677 or toll free at 1-800-204-8600 ext. 4677.