By Tag · real estate gift
5 Questions to ask before making a gift of real estate to Duke
July 15, 2015
Charitable gifts of real estate, such as a vacation home, rental or investment property, farm, or (sometimes) a primary residence can make a big impact at Duke. Gifts of real estate provide scholarship support to numerous students, strengthen our academic programs, support athletic, engineering and other campus facilities. At the same time, a gift of real estate makes sense for many donors from a tax perspective.
Here are five questions you should consider before making a gift of real estate to Duke... Continue Reading ➜
4 Reasons you should consider a retained life estate gift to Duke
March 18, 2015
For many of us, our personal residence is one of our most valuable assets. But did you know there is a way to donate your home, whether a principal residence or second home, to Duke and still live there for the rest of your life? Likewise, you may have inherited or purchased a farm, or timber, or hunting property, but none of your loved ones have any interest in the property after you are gone. If any of these scenarios ring familiar, now may be the perfect time to consider a gift of a retained life estate to Duke.
A retained life estate gift allows a person to become a donor by irrevocably transferring ownership of a home or farm to a charity, such as Duke, while retaining lifetime use of the property. This gift is restricted to homes and farms, but not other types of real estate. An appraiser will determine the respective values of the life estate you keep and the charitable remainder that you are donating to Duke. Continue Reading ➜