Gifts of Real Estate
Donating appreciated real estate, such as a home, vacation property, undeveloped land, farmland, ranch or commercial property can make a great gift to Auburn University Foundation.
“After my husband passed away, I was concerned where our estate would end up. I looked around and thought, ‘You know – give back to where you got the most happiness – that was Auburn.’”
MoreHow to make a gift of real estate
Your real property may be given to Auburn University Foundation by executing or signing a deed transferring ownership. You may deed part or all of your real property to Auburn University Foundation. Your gift will generally be based on the property's fair market value, which must be established by an independent appraisal.
Benefits of gifts of real estate
- Leave a lasting legacy to Auburn University Foundation
- Avoid paying capital gains tax on the sale of the real estate
- Receive a charitable income tax deduction based on the value of the gift
Mortgaged Property - Please contact us if the property you wish to give has existing debt or a mortgage. Indebtedness can affect your charitable tax deduction.
Difficult Property Gifts - Certain properties pose challenges. We have adopted policies to limit the acceptance of certain kinds of real estate. Please check with us before making a gift of real estate so we can explain our gift acceptance policies.
Capital Gains Tax - Check with us on the capital gains tax implications of your gift. You may also be interested in life income options.
Planned Gifts Calculator
Please select a presentation that shows the income and tax benefits for you. You may view a unitrust, annuity trust, gift annuity, deferred gift annuity, sale and unitrust or gift and sale. We hope you enjoy these presentations! View Presentations