Gifting Real Estate
Real estate gifts to Cal State East Bay can be structured in many different ways.
A gift of real estate is a tax-wise method of providing support for Cal State East Bay because of the two-fold tax savings. A residence, summer home, commercial property, or vacant land may have appreciated in value to the extent that its sale would result in a sizable tax on the gain. If given outright to Cal State East Bay you can avoid this tax and realize a charitable deduction for the full fair market value. The property gift can also shelter your estate from future taxes.
Retained Life Estate
An owner of a personal residence or land may give the property to Cal State East Bay while retaining the right to occupy the home or land. This gift vehicle provides an income tax deduction for the present value of the remainder interest.
Charitable Remainder Trust
A charitable remainder trust is a life income arrangement that enables you to convert appreciated real estate into an income stream through an irrevocable gift of the property. Once in the trust, the property can be sold tax-free and reinvested into a diversified portfolio. As a result, the full fair market value of the donated property is available to provide income during your lifetime, while also generating an income tax deduction equal to the present value of your future gift.