Gifts of Real Estate: A Lasting Investment in Students' Futures
Donating appreciated real estate, such as a home, vacation property, undeveloped land, farmland, ranch, or commercial property, is a powerful way to support Utah Valley University while also achieving meaningful financial benefits. A gift of real estate can transform lives, providing lasting support for students while offering you valuable tax advantages and peace of mind.
Benefits to You:
- Avoid capital gains taxes that would be due if the property were sold.
- Receive a charitable income tax deduction based on the fair market value of the property.>
- Make a significant gift without impacting your cash flow.
Benefits to UVU:
- Your gift helps students access life-changing educational opportunities.>
- You support scholarships, academic programs, and campus initiatives that shape the future of our community.>
- You leave a legacy that reflects your values and commitment to education.
A gift of real estate can transform lives-providing lasting support for students while offering you valuable tax advantages and peace of mind.
How to make a gift of real estate
Making a gift of real estate, such as a home, land, or commercial property, is a generous way to support Utah Valley University and leave a lasting legacy. Here's how it works:
- You can transfer ownership of your property to UVU by signing a deed. This can be for all or part of the property.
- The value of your gift is generally based on the property's fair market value, which must be determined by an independent appraisal.
A Few Things to Keep in Mind
- Mortgaged Property If the property you'd like to donate has an existing mortgage or other debt, we kindly ask that you contact us before proceeding. Outstanding debt can affect both the tax benefits of your gift and our ability to accept the property under our gift acceptance policies.
- Property Type Some types of real estate can be more complex to accept. UVU has policies in place to guide these decisions, so we encourage you to contact us before initiating a gift.
- Tax Considerations Gifts of appreciated real estate may help you avoid capital gains taxes and could qualify for a charitable income tax deduction. We're happy to discuss these benefits and explore life income options if you're interested.
We're here to help you explore how your gift can make a meaningful impact both for you and for UVU students.
Contact us
If you have any questions about gifts of real estate, please contact us. We would be happy to assist you and answer any questions that you have.