A gift in kind is a donation of tangible property, such as an art collection, rare books, academic papers, musical scores, real estate, or other valuables.
If you are considering donating a gift in kind, please contact us first to determine the best fit for the University’s needs and to begin the appraisal process. Please note that donations of real estate, certified cultural property or corporate inventory property involve special considerations. In some cases, the gift in kind may be liquidated (for example, in the case of certain donations of real estate). You may make a gift in kind during your lifetime, or in your will.
- Designate your gift in kind to one of McMaster University’s libraries, the McMaster Museum of Art, or to the faculty, program or department of your choice.
- You may also wish to donate proceeds from the sale of the donated asset to support an area of your choice at McMaster University, such as scholarships, buildings or programs, or to support the University’s greatest needs.
- If the donation is accepted, you will receive a charitable tax receipt for the appraised fair-market value determined on the day the gift is made.
- Gifts in kind of national importance may be eligible for certification under the federal Cultural Property Export and Import Act, which may result in significant tax benefits for you.
- Gifts in kind provide an important source of present and future income for McMaster, and they also enrich the University’s collections for the enjoyment and education of generations to come.