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Gifts of Real Estate

Your home, vacation property or farmland can hold a treasured place in a family’s history. But we all reach points in our lives where we decide to downsize, or when we encounter circumstances that require a new living situation. When those transitions arise, they also present an opportunity.

Often, real estate is your most valuable asset, one we can help you creatively use to enhance the mission of IU School of Medicine. And you don’t need to move to donate. Some mechanisms allow you to continue living in your home long after it’s been gifted.

Your gift can establish a scholarship to help deserving medical students, recruit talented faculty and researchers, or underwrite research for a specific disease.

What are the benefits of gifting real estate?

  • Removes a taxable asset from your federal gross estate
  • Gifts of appreciated property can help you qualify for a federal income tax charitable deduction
  • Eliminates a property’s maintenance costs, property taxes, and insurance.

Guidance Available

To learn more about which giving vehicles will best accomplish specific goals and to discuss these and other opportunities in greater detail, please contact the Office of Gift Development.

Email Tim W. Ueber

Gifts made with real estateĀ 

  • Retained Life Estate
    Transfer the ownership of your home to the IU Foundation while retaining the right to live in it. You receive a charitable tax deduction the year you make the gift. At the end of your life, the foundation sells the property and the proceeds benefit IU School of Medicine.
  • Bargain Sale
    Sell a piece property to the IU Foundation for less than its appraised value in return for an immediate cash payment. Once the foundation sells the property at fair market value, the profit benefits the area of your choice at IU School of Medicine.
  • Farmland
    Consider a bargain sale or keep living on the land after it has been donated. Farmland is also a creative way to set up a charitable gift annuity or remainder trust.