Real estate, tangible property and securities can be turned into gifts with unique tax benefits. Your gift may be used to make an immediate impact at Duke University and support the programs you care about most.
Consider four gifts of assets to make an immediate impact at Duke:
- Gifts of securities, including appreciated stocks, bonds or mutual funds, may provide special tax advantages. By donating appreciated securities that you have owned for longer than one year, you receive the same income tax savings as you would by making a gift of cash or by check, but you also avoid tax on the capital gains built up in donated securities.
- Gifts of real estate may be a principal residence or vacation home, a farm, a commercial building, a subdivision lot, or unimproved land. The gift may be the entire property or a fractional interest in the property.
- Gifts-in-kind may include personal property and other goods. If property has been held for more than a year and can be put to a use related to the "charitable purpose" of the university, you may be eligible for a deduction based on the asset’s full fair market value. Please note that some gifts require an appraisal or advance approval in order to be accepted.
- Charitable IRA rollover — often referred to as “qualified charitable distributions” or “QCDs” — is a simple and effective way to make a gift to Duke. Eligible IRA owners can directly transfer funds from their individual retirement account to achieve multiple charitable purposes.
If you make a gift using any of these assets, you may need to complete an IRS Form 8283 for your personal income tax return.