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.