Gift Planning

Real Estate Gifts

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.

Benefits:

  • 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

Learn More


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
Princeton University
New South Building, Fourth Floor
Princeton, NJ 08544
609.258.2500


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