About gifts of real estate
Making a gift of real estate to charity may be an appealing option for property owners with appreciated value, as it helps avoid capital gains tax liabilities.
Additionally, it benefits individuals seeking to simplify estate planning, reduce estate tax liability, and relieve themselves from ownership expenses and maintenance burdens.
Benefits
- Eliminate ownership and maintenance expenses.
- Make a significant charitable gift in support of Rutgers.
How it works
- Contact us to let us know about your interest in donating real estate.
- Obtain an appraisal of the property to determine its fair market value. This will help you determine the amount of your charitable deduction for tax purposes.
- Work with us and your attorney to transfer the property ownership. This may involve executing a deed, transferring title, and completing any necessary legal or regulatory requirements.
- Claim your charitable deduction on your tax return for the year in which the donation is made, while avoiding income tax on any appreciation in value.
There may be some restrictions on the types of property we can accept, so please contact us before you donate.
Add the gift of real estate to your legacy
Donate real estate in your will or trust or through a Transfer on Death (TOD) Deed to ensure it is used for a charitable purpose and not subject to potential disputes or mismanagement in the future.
Learn more about gifts of real estate
Consult with a qualified estate planning attorney and a financial advisor to determine if this option is right for you.
Contact Us
Our team is available to discuss your philanthropic goals and explore giving options that align with your values, family, and financial priorities.
Already included us in your estate plan? Let us know.
More ways to make an impact
Gifts in a will or trust
These are the most common type of planned gift. Learn more or get started with a free online will or trust tool.
Beneficiary designations
Retirement assets like IRAs and 401(k)s can be among the most tax-efficient assets to leave to charity, helping maximize your impact while preserving other assets for loved ones.
Gifts that pay you back
Give assets while providing yourself or others with income for a period of time or distributions at a later date.