Gifts of Property (Real or Collectible)
If you give property now or through your estate, you receive a tax receipt for the fair market value once it has transferred to Queen’s.
Real Estate
There are significant tax advantages for making a major contribution such as real estate to support Queen’s University. You can convert land and other real property into an income stream rather than it being a drain on resources.
Ways to make a gift of real estate:
- Outright gift made immediately. This maximizes the income tax charitable deduction and removes the property from your taxable estate.
- Gift of a partial interest in property. Example: you contribute 50% interest in a vacation home to Queen's University.
- Simple bequest of real estate to Queen's University in your Will.
- Gift of a remainder interest in a residence or farm. In this case, you deed the property to Queen's University now and retain the right to continue to live in the residence for the rest of your life.
Property or Goods (Gifts in Kind)
Gifts of art, collections, and other tangible property can be an effective way to provide meaningful support for the University. Depending on the asset given, the structure of your gift, and the purpose of your gift, there are various tax and financial benefits.
Please
contact us with your questions or for further information.
We strongly encourage you to consult with your lawyer, accountant, or other financial advisor before finalizing your planned gift.
Thank for your interest in our Gift Planning program.