“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 that our staff members would be happy to discuss with you:
- Your property can fund a trust that will make payments back to you or someone you name.
- You can make an outright gift of real estate, which can be fund a professorship, endow a scholarship, or support a particular initiative.
- If you are planning to sell your real estate, you can transfer ownership of an interest in the property to Princeton; following the sale, the University will receive its share of the proceeds.
- You can make a gift through a retained life estate, under which you give Princeton your home, but retain the right to live in it for the rest of your life. You also receive a current income tax deduction for such an arrangement.
- The property that you contribute is removed from your taxable estate.
Find Out More
- Read about donors who have made gifts of real estate.
- Download the Real Estate Fact Sheet to learn the steps for making a gift of real estate.
- 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 firstname.lastname@example.org.