The Right Choice for Your Success

Real Estate—Outright Gift

Outright Gift of Real Estate Diagram. Description of image is listed below.

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

Amy Crosby
Interim Executive Director
(309) 298-1828
al-crosby@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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