If you own a home or other property you no longer wish to occupy or manage, and you would like to make a charitable gift, a gift of real property could be an efficient way to use your property to meet both goals.

When you sell real estate you have owned for a number of years, it is likely you will be faced with a sizable capital gains tax. Through an outright gift of such a property, a double tax savings is possible. First, in most cases you will receive a charitable income tax deduction for the full value of the property - a savings of as much as 40% or more of the property's value. In addition, you will not be liable for capital gains tax on the transfer since the property was given rather than sold.

Charitable gifts of real estate may also be made in ways that result in income to you. Several life income-giving methods are available. You may select fixed income, variable income, or income that is more closely tied to the earnings of the assets used to make the gift.

We appreciate your interest and support in the College of Engineering & Science and would welcome the opportunity to meet with you or provide you with additional information. Please return the information form to the right, in the envelope provided in this newsletter or feel free to contact Joy Workman, Director of Alumni Development, toll free at
1-866-472-8823.