Gifts of Artwork and Collectibles

> You're considering a gift made during your lifetime
> You hold collectible property that you no longer wish to display or maintain
> You want to save both income and capital gains tax

Sculpture By Waldine Tauch.

We are receptive to gifts of artwork and collectibles that advance The University of Texas Health Science Center at Houston's mission and beautify the campus. Over the years, paintings, sculpture, crafts, and historic books and papers have all have been given to the Health Science Center, and all of them have enriched the University.

If you are considering such a gift, the office of Gift and Estate Planning will be able to guide you in determining if the pieces advance the UT Health Science Center's mission -- a requirement of the IRS to qualify your gift for a charitable deduction -- and in securing an independent appraisal to establish the amount of your deduction.

Painting by Albert Tauch

Note that most all gifts of artwork and collectibles are made to the UT Health Science Center outright. In rare cases, it may be possible for the donor to arrange for life income to be paid to him or her in return for the gift. However, significant tax considerations make it advisable for you to consult your advisors and our office first before proceeding with such a plan.

If you are considering a gift of art or collectibles, email us, complete the personal profile form, or call us at 713-500-3200 so that we can assist you through every step of the process.

The University of Texas Health Science Center at Houston
7000 Fannin, Suite 1200
Houston, TX 77030
713-500-3200 | 713-500-3216 (fax)
E-mail: Shirley.Druggan@uth.tmc.edu