Real Estate Giving
Gifts of real estate
Donors can transfer ownership of residential or commercial property.
Benefits include:
- Saving capital gains tax on appreciation.
- Receiving a charitable deduction based on the appraised value.
- Supporting ASU programs long-term through endowments funded with the sales proceeds.
Charitable remainder untrusts (CRUTs)
Donors transfer appreciated real estate into a charitable trust (managed by ASU Foundation) that provides income for life. Afterward, the remainder benefits ASU.
This strategy offers:
- Immediate partial tax deduction.
- Lifetime income.
- Delay of capital gains tax on the asset’s sale.
Retained life estate
Donate your property to ASU Foundation while retaining the right to live in and use the property.
This may be the best option for you if:
- You want to continue to live in your home.
- You do not plan to pass on your home to family or other heirs.
- You itemize your income tax deductions and want to save on income taxes now.
Gifts through wills, trusts or beneficiary deeds
Including a future gift of real estate to the ASU Foundation in your plans is a simple way to give back.
- You can include a specific gift of real estate through your estate plan.
- We ask that you reach out and discuss with us before updating your plans to ensure that it is a property we can accept.
- This can be as simple as executing a 1-page beneficiary deed.
Documentation and compliance
Careful planning and documentation are essential to fully realize the advantages of donating real estate. To maximize tax benefits, donors must:
- Obtain a recent qualified appraisal.
- Work with your appraiser and your tax advisor to complete IRS Form 8283 and maintain proper records.
- We strongly recommend that you consult with your attorney, tax advisor, and wealth manager to discuss your options. ASU Foundation is happy to help facilitate those conversations with you and your advisors.