Real Estate—Outright Gift

Outright Gift of Real Estate Diagram

How It Works

  1. Transfer title of property to IC
  2. Receive income-tax deduction for fair-market value of property
  3. IC may use or sell the property

Benefits

  • Income-tax deduction for fair-market value of property based on qualified appraisal
  • Avoid capital-gain tax on appreciation in value of the real estate
  • Relieved of details of selling property
  • Significant gift to IC

More Information

Contact Us

Pamela Sheradin
Executive Director, Gift Planning
607-274-7395
psheradin@ithaca.edu

 

Ithaca College
953 Danby Road
Ithaca, NY 14850
Federal Tax ID Number: 15-0532204

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