Giving a gift of real estate can be a highly effective philanthropic and financial strategy.
Each of the following gift arrangements has distinct tax benefits.
- Your property can fund a trust that will make payments to you or someone you name.
- You can make an outright gift of real estate, which can 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 give Princeton your home, but retain the right to live in it for the rest of your life—and receive an income tax deduction.
- Your gift can be designated for a specific purpose
- Property that you contribute is removed from your taxable estate.
- You receive an income tax deduction for the fair market value of the real estate, no matter what you originally paid for it.
- You pay no capital gains tax on the transfer.
- No need to sell the property yourself
- Recognition as a member of the 1746 Society
- 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.
Information for Estate Attorneys and Administrators
Our legal name is: Trustees of Princeton University
Our tax ID number is: 21-0634501
Our address and contact information for estates and trusts is:
Office of the General Counsel
New South Building, Fourth Floor
Princeton, NJ 08544