Gifts of tangible personal property may be donated to the College during your lifetime or by Will. These gifts require special attention to insure the donor’s income tax charitable contribution deduction. Hamilton may not be able to accept the item(s) given space limitations, collection parameters and the ability to provide proper care. If you are considering a gift of tangible personal property, you are encouraged to contact the Director of Planned Giving, the Museum Director, the Director of Special Collections or other appropriate Hamilton department head to discuss the potential gift.
Hamilton College will accept gifts of tangible personal property under the following terms and conditions:
• The donor(s) represents and warrants that he/she/they are the sole owner(s) of the property which has not been exported from its country of origin in violation of the laws of that country in effect at the time of the export nor imported into the United States in violation of the laws and treaties of the United States.
• The College determines the gift can be used for its exempt purpose.
• Issues of accession are discussed and agreed upon with the donor(s).
• The donor(s) acknowledges that, in making this gift, it becomes the property of Hamilton College. If the gift is labeled for display or publication, it will be credited as identified on the Gift Acceptance form as agreed upon by the donor(s) and the College representative.
• This gift may be used, as appropriate, for display and/or reproduced in College publications, press announcements and its website. To the extent the gift is subject to intellectual property protection the donor(s) conveys all such rights to Hamilton College.
• Further, the gift may be used for research or examination, exhibited, stored, maintained, loaned and disposed of as determined by the College as successor owner.
The donor(s) may be able to claim an income tax charitable contribution deduction for the full fair market value of the gift as determined by a qualified appraisal (to be obtained by the donor(s)). (If the value of the item exceeds $5,000, the donor is required to obtain a qualified appraisal.) IRS Form 8283 will need to be filed with the donor’s(s’) tax return.
Hamilton makes a number of resources available to you, including the following: