Gifts of Real Estate

Gifts of Real Estate

Introduction

You have the opportunity to generate income, receive tax deductions and make a difference with a gift of real estate to Arizona State University. We consider several forms of appreciated real estate, including residential, commercial and industrial properties, farms and undeveloped land.

The benefits of your generosity abound, and our experienced team of real estate experts is here to help you discover the best strategy for your charitable and financial planning.

How it Works

Gift your property to ASU.
Enjoy financial benefits.
Make an impact.

There are several ways to gift real estate, depending on your circumstances and goals. The good news is that each of them comes with its own advantages.

You can gift part or all of your real property by executing or signing a deed transferring ownership. Your gift will generally be based on the property's fair market value, and you can avoid capital gains taxes and remove the asset from your taxable estate.

You may also be able to receive a significant charitable tax deduction and/or an increase in income. Enjoy financial security immediately and support ASU students, programs and research for years to come.

Types of Real Estate Gifts

Outright gifts

•Outright gifts

When the time has come to sell an appreciated asset, you can benefit greatly from gifting the property. In addition to freeing yourself of property ownership and avoiding the selling process, you qualify for an income tax charitable deduction equal to the property’s full fair market value and eliminate capital gains tax on its appreciation. In addition, you reduce your taxable estate.

In your will or trust

•In your will or trust

A bequest is one of the easiest gifts to make. It also ensures you much flexibility. You may consider this option if you would like to continue to enjoy ownership of your property during your lifetime and reduce your estate-tax liability. Bequests can be easily created or changed at any time.

Charitable remainder unitrust

•Charitable remainder unitrust

This is an excellent vehicle for gifts of appreciated property and a great way to invest in the future of ASU. Upon transferring your property to a charitable remainder unitrust, we invest the trust to bring you an income stream for life (or a term of up to 20 years) and an immediate income tax charitable deduction. After all trust payments have been made, ASU benefits from what remains thanks to your generosity.

Bargain sale

•Bargain sale

If you own a property you’re willing to sell and are seeking a strategy to reduce your income taxes, you have the opportunity to gift your property for a price less than fair market value and enjoy a range of benefits—even if you have a mortgage on your property. Avoid capital gains tax and receive a charitable tax deduction in addition to cash from the sale.

Contact Us

Our team of experts is ready to work with you to talk through your options and develop a gift plan that meets your personal and philanthropic goals.

Fill out the form below to start your journey or call (480) 965-3759.