Giving Gifts of Real Estate
By making a gift of real estate, you can leverage a significant asset for your benefit and the University’s. While supporting Harvard’s mission, you can save on taxes, increase your income, and/or reduce the burden of maintaining or selling your property. Gifts can be made with residential, commercial, or undeveloped real estate.
“If folks like us can find a successful way to participate in planned giving, then certainly many others can too.”
-- Ron Alberts and Rita Schneider
Types of Gifts
You can make an outright gift of either a percentage interest or an entire property.
By funding a trust or annuity with your gift, you can receive a well-managed income stream for life for you, your spouse, or other beneficiaries. You also receive an income tax deduction for a portion of your gift, avoid capital gains tax, and save on gift and estate taxes. In the future, your gift will benefit Harvard according to terms you determine in conjunction with the University.
Through a retained life estate arrangement, you can donate your home to Harvard and continue to live there for your lifetime. You are entitled to an immediate income tax deduction for a portion of the appraised value. Moreover, the property is removed from your estate for tax purposes. Should you decide to move out of your home, you and Harvard can sell the property together and divide the proceeds proportionately. Alternatively, you may be able to transfer your remaining life interest to Harvard in exchange for an annuity.
Request a Personal Gift Illustration
Please contact us at 800-446-1277 or use our electronic form.