Real Estate—Outright Gift

You receive a charitable income-tax deduction for the full fair-market value of the unencumbered real estate. You may apply the deduction up to 30% of your adjusted gross income—in the year of the gift—with the five-year carryover provision. You avoid capital-gain tax on the appreciation you have in the property, and there are no gift taxes. Because you have removed the property from your estate, you may also reduce your estate taxes.

Contact Us

Michael Gute
Director, Gift Planning
972-883-3915
michael.gute@utdallas.edu

 

The University of Texas at Dallas
Office of Development and Alumni Relations
800 W. Campbell Road, SPN 10
Richardson, TX 75080
Federal Tax ID Number: 75-1305566

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