Gifts of Real Estate
You can turn a capital gain tax liability into tax savings, income for you and the chance to fulfill your charitable dreams?
How You Benefit
Making a gift of your appreciated real estate can relieve you of the capital gain tax burden and provide other attractive benefits that achieve your goals. Here are some of the benefits you may realize
- Capital Gain Avoidance A unitrust may sell appreciated assets without paying capital gain tax, leaving more money working for you.
- Charitable Deduction You may claim a charitable deduction for a portion of the gift value.
- Lifetime Payments You will receive income for as long as you live.
- Tax-Advantaged Income Over the past 20 years, on average, 78% of payments from unitrusts we manage have been taxed at capital gain tax rates or as qualified dividends.
- Relief from Property Management You will no longer need to endure the burden of managing or maintaining your property.
- A Wonderful Gift Accomplish your charitable dreams, perhaps beyond what you thought possible.
Most Common Ways To Give
Other Ways to Give Real Estate
An Outright Gift Your real property may be given to Claremont McKenna College by executing or signing a deed transferring ownership. You may deed all or a fractional interest in the property to the College. Your gift will generally be based on the property’s fair market value, which must be established by an independent qualified appraisal.
A Retained Life Estate You may transfer a full or fractional interest in a personal residence, vacation property or farm to the College now, entitling you to a current charitable deduction, while retaining the right to use or occupy the property for life.
Bargain Sale You may sell your property to the College for less than the fair market value. You will be entitled to a charitable deduction for the difference between the sale price and the fair market value.