Make a Gift Today
Learn more about the many ways to use real estate to support The University of Akron Foundation in the FREE guide 7 Ways to Donate Real Estate.View My Guide
Want to make a big gift to The University of Akron Foundation without touching your bank account? Consider a gift of real estate. Such a generous gift helps us continue our work for years to come. And a gift of real estate also helps you. When you gift appreciated property that you have held for longer than one year, you qualify for a federal income tax charitable deduction and will not incur capital gains tax.
A remainder interest, such as a life estate, in a personal residence or farm may also be gifted.
Each potential gift of real property is evaluated by the UA Foundation on a case-by-case basis.
Ways to Give Real Estate
You can give real estate to the UA Foundation in the following ways:
When you make a gift today of real estate you have owned longer than one year, you qualify for a federal income tax charitable deduction equal to the property's full fair market value. This deduction lets you reduce the cost of making the gift and frees cash that otherwise would have been used to pay taxes. By donating the property to us, you also eliminate capital gains tax on its appreciation.
A gift of real estate through your will or living trust allows you the flexibility to change your mind and the potential to support The University of Akron with a larger gift than you could during your lifetime. In as little as one sentence or two, you can ensure that your support to the UA Foundation continues after your lifetime.
Perhaps you like the tax advantages a gift of real estate to our organization would offer, but you want to continue living in your personal residence for your lifetime. You can transfer your personal residence or farm to the UA Foundation but keep the right to occupy (or rent out) the home for the rest of your life. You continue to pay real estate taxes, maintenance fees and insurance on the property. Even though the UA Foundation would not actually take possession of the residence until after your lifetime, since your gift cannot be revoked, you qualify for a federal income tax charitable deduction for a portion of your home's value.