Gifts of real estate to the Foundation may be your principal residence or vacation home, farmland, commercial real estate, or unimproved land.
Retained life estate in property could generate an income tax deduction by giving your home or farm to ECU Health Foundation, while you retain the right to use the property during your lifetime. This will give you additional peace of mind while creating a charitable legacy.
Establish a gift that pays you income or donate an outright gift.
Tax benefits
- Potentially receive a favorable charitable deduction for the full market value of the real estate.
- Possibly avoid capital gains taxes on the appreciation.