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Real Estate—Outright Gift

Outright Gift of Real Estate Diagram

How It Works

  1. Transfer title of property to Western Illinois University
  2. Receive income-tax deduction for fair-market value of property
  3. Western Illinois University may use or sell the property

Benefits

  • Income-tax deduction for fair-market value of property based on qualified appraisal
  • Avoid capital-gain tax on appreciation in value of the real estate
  • Relieved of details of selling property
  • Significant gift to Western Illinois University

 

Contact Us

Clare Thompson
Vice President for Advancement, Alumni Relations, and Athletics; Executive Officer of the Foundation
(309) 298-1808
CA-Thompson4@wiu.edu

 

Foundation and Development
303 Sherman Hall / 1 University Circle
Macomb, IL 61455 USA
Federal Tax ID Number: 37-0910458

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