Real Estate

Students standing at base of columns at dusk.

Real Estate

Overview

Make an Impact While Maintaining Liquid Assets

If your vacation home, vacant lot, farm, or office building has lost its usefulness or become difficult to maintain, the property could make an excellent gift. Real estate can be contributed outright or used to finance a planned gift. Available options include a retained life estate, which allows the donor to continue to use the property for a certain number of years or for the donor’s lifetime. Other arrangements offer special tax advantages and lifetime income.

Making a gift of real estate to the University:

  • May qualify you for a federal income tax charitable deduction.
  • Eliminates capital gains tax.
  • Eliminates maintenance costs, property taxes, and insurance
  • Frees you from the need to sell the property