Related Links |
||||||
|
||||||
Related Gifts |
||||||
|
||||||
|
Gifts of Real Estate
(Complete gift description)
Gifts of real estate can frequently save you thousands of dollars in income, estate, and capital gains taxes, while providing a substantial benefit to Yale.
Yale may accept gifts of different types of real estate. You receive a charitable income tax deduction based on the fair market value of the property, with no capital gains liability on the transfer.
In some cases, Yale may use the property for our purposes. In most cases, we will sell it, and apply the proceeds to the program you direct.
Some gift planning options:
- Your gift of real estate may also provide income to you in return. Learn more about creative, flexible charitable remainder unitrusts.
- You can sell your property to us at a discounted value. Receive a payment in a lump sum or as income from an installment note. Obtain a deduction and reduce capital gains taxes, too. Learn the benefits of a charitable bargain sale.
- You can donate your home or vacation property to Yale but reserve the right to use it during your lifetime and receive an income tax deduction. Learn more about retained life estates.
- You can give us partial ownership of a piece of property by deeding us an undivided fractional interest to the University.
Important considerations
- Yale must review and approve in advance all gifts of real estate. Among other issues, we will consider the property's marketability and environmental status.
- You will have to secure an independent appraisal to establish the property's value for the charitable deduction.
- Transferring property that carries a mortgage or other debt can result in income tax liability. We can discuss this with you and your advisors as you are considering your gift.
For more information
Email us, complete the personal illustration form, or call us at 1 (800) 445-6086 so that we can assist you through every step of the process.