Real Estate Gifts

Ray Close '51 *64“I believe that this is the most important legacy we as graduates can pass on to future generations of Princetonians.”

-- Ray Close ’51 *64, with wife Martha

Giving a gift of real estate, such as a personal home, vacation home, undeveloped property, or a farm, can be a highly effective philanthropic and financial strategy.

Each of the following gift arrangements has distinct tax benefits, which our staff members would be happy to discuss with you:

  • Your property can fund a trust that makes payments back to you or someone you name.
  • You can choose to make an outright gift of real estate, which can be used for funding a professorship, endowing a scholarship, or other purposes.
  • If you are planning to sell your real estate, you can transfer ownership of an interest in the property to Princeton. After the sale, the University receives its share of the proceeds.
  • You can make a gift through a retained life estate arrangement, under which you give Princeton your home, but retain the right to live there for the rest of your life. You also receive a current income tax deduction.
  •  The property that you contribute is removed from your taxable estate.

Find Out More

  • To discuss the tax and other benefits of making a gift of real estate, contact the Office of Gift Planning at 609-258-6318 or e-mail

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