What to Give: Gifts of Real Estate

This is the right gift for you if you:

• Wish to make an outright, life-income, or retained life estate, or bequest gift
• Own real estate that is not subject to mortgage
• Wish to avoid incurring capital gains tax on the transfer of a highly appreciated asset
• Have owned the property for more than a year

An outright gift of unencumbered real estate may enable you to make a significant gift to Life University without incurring capital gains from the transfer of a highly appreciated asset.  A gift of real estate to LIFE will entitle you to a charitable deduction equal to the fair market value of the property on the date of the transfer, provided you have owned the property for more than one year.  You make take this deduction as 30 percent of your adjusted gross income, and any excess over that amount may be carried over for the next five years.  Gifts of real estate may be subject to an environmental review and a marketability study by the University before the gift is accepted.

To learn more about making a gift of real estate, please contact:

OFFICE OF ADVANCEMENT
Advancement@LIFE.edu
800-543-3203