Consider a Gift of Real Estate
Imagine avoiding the hassle of selling a piece of property, with no worry about getting a fair price, and at the same time helping to support the WVU Foundation all while qualifying for a federal income tax charitable deduction. This can be your reality when you consider using real estate to make a gift to the WVU Foundation.
Why Donate Real Estate?
Depending on the method you choose, a gift of real estate to the WVU Foundation may allow you to:
A gift of real estate can be completed in a variety of ways. Keep reading for some examples.
Contact us today for more information about using any of these options to support the WVU Foundation. We would be happy to assist your attorney and other advisors in designing the most suitable plan for you.
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. California residents: Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. Oklahoma residents: A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. South Dakota residents: Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.
A qualified charitable gift annuity is not insurance under the laws of West Virginia, is not subject to regulation by the West Virginia Offices of the Insurance Commissioner, and is not protected by the West Virginia Life and Health Insurance Guaranty Association established in Article 26A, Chapter 33 of the West Virginia Code or any other guaranty association established by the West Virginia Code.
Please Note: The minimum age for a charitable gift annuity is 50 and the minimum gift amount is $25,000.