You’re considering a gift made during your lifetime > You hold marketable real estate > You want to save both income tax and capital gains tax
The Associate Alumnae of Douglass College will happily consider gifts of residential, commercial and undeveloped real estate for The Douglass Fund. As with donations of other types of appreciated property, gifts of real estate secure a charitable income tax deduction for you, based on the fair market value of the property, with no capital gains liability for the transfer to us.
You can make a gift of real estate to the Associate Alumnae of Douglass College in several ways:
Through an outright donation;
Through the donation of a fractional interest in the property;
As the basis for a gift plan that will pay you income, like a unitrust.
By giving us title to your home and reserving the right to continue living there for your lifetime (a retained life estate);
Through a part sale/part gift arrangement with the Associate Alumnae of Douglass College (a charitable bargain sale).
When you are considering a gift of real estate, keep two considerations in mind:
We will gratefully review your gift offer and evaluate the condition and marketability of the proposed real estate, reserving the final say on acceptance.
The IRS requires donors of real estate to secure an independent appraisal to establish the fair market value of the property. We can assist you in following the IRS procedures for this appraisal.
Email us, complete the personal illustration form, or call us at 732-932-2880 so that we can assist you through the process.
Associate Alumnae of Douglass College
Office of Gift Planning
181 Ryders Lane
New Brunswick, NJ 08901-8557
732-932-2880 | 732-932-2883 (fax)
E-mail: chamlin@winants.rutgers.edu
If you are including Douglass in your will or other financial or estate plans, please remember to review the wording of your designations to ensure that your gift is specifically for "The Douglass Fund," as you intend. The correct wording for gifts and bequests to The Douglass Fund is: The Associate Alumnae of Douglass College for The Douglass Fund. If you use other wording, your gift may not reach The Douglass Fund.
