Planned Giving

Gifts of Real Estate: FAQs

How do I know if the property I’d like to donate is going to be helpful to Indian River State College Foundation?Layer Closed

Here are some questions we will need to answer to determine if your property will be helpful to us:

  • Is the property void of any liens?
  • Are there any environmental concerns with the property?
  • Can our organization actually use the property for our work?
  • Is the property marketable and salable within a reasonable period of time?
  • What are the costs associated with accepting and holding the property?
  • Can we realize a positive net return on this property?

What are the tax benefits of donating real estate?Layer Closed

You will receive an income tax deduction equal to the appraised fair market value of the property. An independent qualified appraisal is required for this purpose and it is up to the donor to acquire such an appraisal. Donating your property may also reduce your estate costs and taxes as well.

Can I arrange for a life income stream for my gift of real estate?Layer Closed

In many cases the answer is yes. Real estate can be transferred to a charitable remainder unitrust that will provide the donor with tax reduction benefits as well as setting up an income stream for beneficiaries such as a spouse, children, and/or other loved ones.


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Create a Lasting Legacy

Philanthropic planning is a powerful mechanism for meeting personal estate planning objectives while making a meaningful impact on the College’s initiatives and mission. At Indian River State College, we welcome the opportunity to work with estate planners to ensure that your clients find the charitable arrangements that best meet their needs.

Estate-planning options can achieve significant tax benefits while furthering a client’s philanthropic goals:

  • Gifts through a will or trust
  • Charitable trusts and gift annuities
  • Donation of stocks and mutual funds

If your client has already included or intends to include Indian River State College in their will or estate plan, or if you would like someone from IRSC Institutional Advancement to contact you to discuss how to support IRSC as part of their estate planning strategy, please contact us.

Questions? Fill out the form below.