Giving a gift of real estate, such as a personal home, vacation home, undeveloped property, or a farm, can be a highly effective philanthropic and financial strategy.
Each of the following gift arrangements has distinct tax benefits, which our staff members would be happy to discuss with you:
- Your property can fund a trust that makes payments back to you or someone you name.
- You can choose to make an outright gift of real estate, which can be used for funding a professorship, endowing a scholarship, or other purposes.
- If you are planning to sell your real estate, you can transfer ownership of an interest in the property to us.
- The property that you contribute is removed from your taxable estate.
To find out more, contact us!