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Real Estate

The income tax benefits of gifts of real estate are similar to gifts of appreciated securities. You avoid paying capital gains taxes on the appreciated value and you receive a deduction for the full market value of the property. Gifts of property such as land, farm, or your personal residence can be transferred by deed to the UWSP Foundation with no liability for income, estate or gift taxes on the appreciation.

Example:

David, Class of '68, has owned a rental home in Stevens Point for the past 30 years during which time the property has increase substantially in value. Upon his retirement David would like to sell the property and invest the proceeds so he can draw an income from the investment. However selling the property would result in substantial capital gains taxes reducing the amount he can invest for his retirement income. David transfers the ownership of the property to a charitable remainder trust; the Trustee then sells the property, invests it, and sends a retirement check to David each month for as long as he lives. The remaining investment goes to the UWSP Foundation at David's death.

For more information contact: Deb Anstett, Director of Annual Giving, UWSP Foundation, 1-800-858-5267