Gifts of Real Estate

Gift of Real Estate Diagram

How It Works

  • You deed your home, vacation home, undeveloped property, or commercial building to the University of South Carolina or one of its affiliated foundations.
  • The University of South Carolina or one of its affiliated foundations may use the property for its own purposes or may sell it and use the proceeds.

Benefits

  • You receive an income tax deduction for the fair market value of the real estate at the time of the transfer.
  • You pay no capital gains tax on the transfer.
  • You can direct the proceeds from your gift to a specific program at the University of South Carolina or one of its affiliated foundations.

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