Gifts of Personal Property

Gifts of Real Estate

Using real estate to make a gift allows you to turn an asset into support for students and faculty at College of the Holy Cross, receive a charitable income tax deduction, and potentially avoid paying capital gains taxes.

Gifts of Real Estate

The real cost of your gift is reduced, since you'll save on income and capital gains taxes by giving appreciated property to College of the Holy Cross.

You can use real estate to make a variety of different types of gifts, including:

  • An outright gift that gives you a charitable deduction for the fair market value of the property while potentially avoiding capital gains taxes.
  • A gift that gives you income and an immediate tax deduction, while leaving the assets to College of the Holy Cross.
  • A gift that gives you income for a few years, then is passed on to your heirs at the time you specify with considerable estate and gift tax savings.
  • A gift that gives you a sizable tax deduction today and allows you to use the property for your lifetime, while leaving the property to College of the Holy Cross upon your death.
Download steps for making an Outright Gift
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Gifts of Retained Life Estate

A retained life estate allows you to make a gift of a personal residence or farm to College of the Holy Cross, receive a tax deduction for a portion of your gift, and continue to use your property while you are still alive.

How You Benefit

  • You receive a charitable income tax deduction today for a gift that will help College of the Holy Cross in the future.
  • Your estate taxes may be reduced because the property is removed from your estate.
  • Your executor's job is simplified, since your property will pass directly to College of the Holy Cross upon your death.

How College of the Holy Cross Benefits

At the end of your life, College of the Holy Cross can use the property or the proceeds from the sale of the property—either for the College's greatest need or for a purpose you specify.

Minimum Gift

The minimum gift for establishing a retained life estate with College of the Holy Cross is $111,000.

Download Steps for Making a Gift of a Retained Life Estate
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