Real estate, often overlooked as a potential charitable gift, offers a variety of estate and tax planning possibilities.

Gifts of real estate can be especially helpful for people planning to move into a smaller home at retirement, or for those with vacation homes they are no longer using. Real estate can be expensive to maintain or difficult to sell--and if it has appreciated in value, its sale can lead to significant capital gains taxes. These gifts can convert a non-income asset into a life income arrangement for you and/or another beneficiary.

A gift of real estate, which can include residences, farms, and vacation properties, to Lyndon State College removes the burdens of maintenance, avoids all capital gains taxes and can provide a charitable deduction for the full value of the property, subject to the 30% limitation. You may deed some or all of the property outright to Lyndon, or you may transfer ownership of the property to Lyndon while retaining life tenancy rights, known as a gift of a remainder interest. Under this arrangement, you donate your home to Lyndon and continue to live in it, receiving a charitable deduction for a portion of the appraised value in the year of donation.

For information about making a planned gift to Lyndon State College contact:

Jenny Kempton Harris '79
Development Assistant
jennifer.harris@lyndonstate.edu
802.626.6458