Leaving a legacy with planned giving - Virginia Commonwealth University

Gifts of real estate

There are many ways to make a gift of real estate. Some of the most common options are listed below:

Make an outright gift. Transfer your property to VCU during your lifetime or through your estate;
Convey your property into a charitable remainder trust. Receive income for life after the property sells and leave the remaining balance to the university when the trust terminates; or
Transfer the property to VCU, but retain its use during your lifetime. Earn a charitable deduction for making an irrevocable gift of your real estate to VCU while continuing to enjoy the use the property during your lifetime.

Because gifts of real estate can be complex and legal restrictions may limit VCU’s ability to own or sell a parcel of real estate, we will work closely with your throughout our due diligence process. Keep in mind: gifts of real estate require a qualified appraisal and can take time to complete-contact VCU early in your decision-making process.

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© Planned Giving Marketing. This document is informational and educational in nature. It is not offering professional tax, legal, or accounting advice. For specific advice about the effect of any planning concept on your tax or financial situation or with your estate, please consult a qualified professional adviser.

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Last updated: 8/10/2022 8:42 PM

This site is informational and educational in nature. It is not offering professional tax, legal, or accounting advice. For specific advice about the effect of any planning concept on your tax or financial situation or with your estate, please consult a qualified professional adviser.

*Affiliated foundations

VCU Foundation (tax ID # 54-0757884) for gifts that support VCU generally and most colleges, schools, departments and units on VCU’s Monroe Park Campus: VCU Athletics, College of Humanities and Sciences, Division of Student Affairs, Honors College, Institute for Contemporary Art, L. Douglas Wilder School of Government and Public Affairs, Richard T. Robertson School of Media and Culture, School of the Arts, School of Education, School of Social Work, School of World Studies, VCU Libraries and VCU Life Sciences.

VCU School of Business Foundation (tax ID #20-2661802) for gifts that support the VCU School of Business and Brandcenter.

VCU College of Engineering Foundation (tax ID #54-1808901) for gifts that support the VCU College of Engineering.

MCV Foundation (tax ID #54- 6053660) for gifts that support the college, schools, departments and units on VCU’s health sciences campus: College of Health Professions, School of Dentistry, School of Medicine, School of Nursing, School of Pharmacy, Massey Cancer Center and VCU Health.