Gifts of Real Estate
Your gift of real estate to Denison University will create meaningful educational opportunities for students, while lowering the tax burden of your estate. Property is a valuable asset. This often makes up a significant portion of a person’s wealth and can be used to help fulfill your philanthropic goals.
Typically, the full fair market value of your property is deductible as a charitable contribution, but talk to your financial advisor for guidance.
In addition to gifting a piece of property in whole, you can gift a remainder interest in a personal residence or farm, or a fractional interest in a piece of property. When you gift a remainder interest, you provide a lifetime of security in your home or property to you or a loved one. Your real estate comes under Denison’s ownership only passes after the tenant passes away.
The gift of a fractional interest is an excellent option for real estate you occupy only part of the time, such as a vacation home. You can retain partial interest in and use of the property, while giving Denison an interest in your property and possibly gaining a tax benefit.