Personal Property & Real Estate
Other assets that can be used in planning a gift to the University of New Hampshire Foundation include real estate and personal property. A charitable deduction may be taken for the value of the property based on a qualified appraisal. Consultation with a financial adviser or planned giving expert is advised.
Real estate may appreciate more than other assets while yielding little income. Consequently, a gift of real estate often offers special benefits to both the donor and the University. Such a gift can be accomplished in several ways:
Outright gift of real estate:
A gift of real estate that has appreciated in value can provide the same tax advantages as a gift of appreciated securities, including a federal income tax deduction and avoidance of capital gains taxes.
Gift of real estate to provide income:
Funding a charitable remainder trust with a gift of real estate can provide a donor or designated beneficiary with income for life or for a set term. The donor avoids capital gains tax on the increase in the value of the real estate and receives a federal income tax deduction.
Gifts of real estate with retained life interest:
A donor may give the University a farm, a principal residence, or a vacation home while retaining the use of the property for life. The donor receives a charitable tax deduction equal to a portion of the value of the property in the year of the gift.
