DETERMINING WHICH PIECES Rather than sell your artwork, jewelry or collection, consider donating it to MAKE THE BEST GIFTS The Chicago Community Trust to support the Trust or other charities When selecting which pieces of art, jewelry or collectibles to you care about. [...] donate, you might wish to consider the following: • Am I the artist, the dealer or the collector? • How did I acquire the object? • How long have I held the object? • Is there a market for the object? • Will I be able to obtain and pay for an appraisal? • Will I need any of the income from the object’s sale? • What costs might be incurred for storing the object? Most donors are considered collecto. [...] After the property has been accepted, donors ELIMINATE CAPITAL assign the object to the Trust and deliver it to us or our agent. [...] The help the donor determine whether to make the gift Trust sells the drawing at auction, and the proceeds from during their lifetime or through their estate. [...] While your dgottesman@cct.org advisors can provide you with the best tax advice for your situation, the experts at the Trust can help you achieve the charitable impact you seek.
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