Giving
Real Estate
You can use a personal residence, vacation home, commercial property, or undeveloped land to make a gift to HBS.
How It Works
There are three ways to make a gift with real estate:
- Outright Gift: By giving real estate directly to HBS, you avoid capital gains tax due on the appreciation and also receive a charitable income deduction. HBS sells the property and uses the proceeds to support an area that you designate.
- Charitable Remainder Trust: You can fund a charitable remainder trust with real estate. You avoid the capital gains tax due on the appreciation, and you and/or others receive an income for life. When the trust term ends, HBS receives the remainder.
- Retained Life Estate: You can make a gift of a personal residence now and retain the right to live there for the rest of your life. At your passing, HBS will sell the property and use the proceeds to support the area you designated.
Benefits
- Turns an asset you no longer use or need into a gift
- Removes the property from your taxable estate and qualifes for a charitable income tax deduction
- Avoids any capital gains tax due on the appreciation
- Your class receives credit for the appraised value of the real estate