Ways of Giving
Real Estate
Make a gift of real estate outright, fund a life income
gift with it, or even donate it and retain the right
to live in it during your lifetime. Each gift qualifies
for an income tax deduction.
Making the Most of Your Real Estate Typically,
alumnae fund gifts with cash or securities. A growing
number, though, have recognized the benefits of using
their appreciated real estate to fund all types of
charitable gifts including deferred payment gift annuities
and charitable remainder unitrusts. A gift of a complete
or partial interest in your home—or second home—may
be to your benefit.
Bargain Sale Another opportunity,
called a bargain sale, allows you to give/sell appreciated
property to the College at a "bargain" price. This
gift arrangement is part gift and part sale. Because
your capital gain is apportioned between you and the
College, you report a smaller capital gain and receive
a charitable income tax deduction for the net value
of your gift, many times offsetting any remaining capital
gains tax.
Retained Life Estate You can give
your personal residence to the College, yet retain
the right to live there for the rest of your life.
This gift arrangement is called a retained life estate.
You continue to live on the property while taking an
immediate charitable income tax deduction equal to
Mount Holyoke's right to receive the property at the
end of your lifetime. As long as you live in your home,
you remain responsible for its maintenance and upkeep.
Questions? Contact the Office of Gift Planning at 800-MHC-GIVE.
