If you have real estate you wish to protect from a taxable capital gain or that you would like to convert to an income stream, a gift of real estate to Case Western Reserve University can be a good solution.
A variety of options can even allow you to continue to live at the property for the remainder of your lifetime&mash;or for the lifetime of a loved one.
How it Works: A range of alternative gift options can allow a donor the option of continuing to live in a primary residence through his or her lifetime&mash;or the lifetime of another individual&mash;before a property is sold, while still realizing tax benefits. If a donor moves out of the residence, the arrangement can be restructured at that time so as to permit the use of another property.
Individuals who have relied on a property to produce income can use a gift of property to fund a life-income gift. In any of the many types of life-income gifts, the donor designates a beneficiary or beneficiaries to receive income payments and names Case Western Reserve to receive the principal when the payment obligation is fulfilled.
To start a conversation about lowering your taxes through a gift of real estate to Case Western Reserve, please contact the Office of Planned Giving at 1-877-477-1143.
Gilles Klopman, the Charles F. Mabery Professor Emeritus of Research in Chemistry at Case Western Reserve University and president and CEO of Ohio-based MultiCASE Inc., has made a seven-figure will commitment to the chemistry department in the College of Arts and Sciences. Read more donor stories