A gift of real estate to KU Endowment is a unique way to provide a lasting benefit to KU and a convenient way for you to enjoy a charitable deduction. These gifts could include residences, vacation homes, farms, ranches, commercial property or undeveloped land.
The charitable deduction is based on the current fair market value of your property, and it can reduce the size and complexity of your estate. An added benefit to donating property is that, in most cases, KU Endowment can assist in determining if a property should be held and managed, or sold with the profit being invested. In either situation, the income generated will benefit the purpose designated by the donor.
Not only can real estate be used to make outright gifts, it can also be used to make future gifts to KU. For example, real estate can also be used to fund a charitable remainder trust or a charitable gift annuity. A trust or annuity would provide you and/or another beneficiary with income for the rest of your life or lives. Ultimately, the remaining value would be transferred to KU Endowment to benefit the area of the university you choose. (For more details, see our real estate gift acceptance guidelines.)
A retained life estate gift allows you to give your home to KU Endowment while retaining the right to live in it for the rest of your life. In addition to homes, other examples of real estate gifts include farms, income-producing property or undeveloped land.
For more information on how a gift of real estate might work for you, please contact our Planned Giving Department or our Property Division.