Ways to Give

Introduction

In many regions of the country, real estate has been a wonderful long-term investment. In other cases, it has lost its usefulness or has become too expensive or cumbersome to maintain. If this is the case, we encourage you to consider using real estate to support your favorite college or program at The Florida State University.

The benefits of making a real estate gift include:

• Eliminating long-term capital gains tax on an appreciated asset;
• Receiving a charitable income tax deduction based on fair market value;
• Avoiding the time, effort and expense of owning property; and
• Supporting your favorite program at FSU.

Gifts of real estate, such as undeveloped land, a residence, a vacation home, a farm or commercial property, should be arranged through the Office of Planned Giving and made through The Florida State University (FSU) Real Estate Foundation. The FSU Real Estate Foundation requires the donor to bear certain costs when making a real estate gift, such as an appraisal to determine the fair market value. Also, the Real Estate Foundation deducts transaction costs from the proceeds of the sale of the property, including the closing costs, title insurance, a survey (if needed) and any taxes due before the gift is completed.

Real estate can be given through outright gifts and by making deferred gifts.