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| Appreciated
Real Estate |
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| Aquinas College
gladly accepts gifts of appreciated, unencumbered real estate that you have owned for more than one year. Each case is reviewed individually,
but the College is open to your gift of a personal residence,
vacation home, farm, commercial property, or vacant land. Making such
a gift will: |
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- Generate a charitable
contribution tax deduction for the full fair market value of the property
- Allow you to bypass
the capital gains tax that would otherwise be due
- Eliminate the
headache of selling the property
- Reduce your taxable
estate.
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| Retained
Life Estate |
| Some people give their personal residence to a favorite charity when they pass away. The Retained Life Estate allows you to transfer the property to a favorite charity while allowing you to live in it for as long as you wish. This method: |
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- Allows you to live
in the house for your lifetime and the lifetime of your spouse or another
person
- Triggers an income
tax deduction in the year in which you make the gift
- Provides estate
tax savings to you even when the lifetime use is for you and a subsequent
non-spouse
- Allows you to make
a gift of partial interest in your property and still receive tax advantages.
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| Please
contact Marjorie Kindel, Director of Planned Giving, at (616) 632-2821 or email her at kindemar@aquinas.edu if
you would like to learn how a planned gift can meet your life goals while
supporting Aquinas College. |
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