Gift of Real Estate and/or Personal Property
Real estate and/or personal property—such as art, jewelry, or rare coins—can be an excellent asset to fund a charitable gift. Important benefits of using appreciated real estate include the ability to secure a charitable income-tax deduction and escape the capital-gains tax that would be due if the property were sold.
When deeding a house or farm to Walla Walla University, you can make a gift of the remainder interest on the property while continuing to live there. For more information, please contact Estate Planning Services, at (509) 527-2586.
Last update on November 19, 2013