If you want the tax benefits of donating real estate but wish to keep living in your home for life, a retained life estate may be the perfect solution.

Here’s how it works:

• You transfer ownership of your personal residence or farm to University of the Cumberlands now.

• You retain the right to live in (or rent out) the property for the rest of your life.

• You continue paying taxes, maintenance, and insurance during your lifetime.

• Because the gift is irrevocable, you qualify for a federal income tax deduction for a portion of your home’s value today—even though the University won’t take possession until after your lifetime.

If you’re ready to be free from the costs and responsibilities of property ownership—like taxes, utilities, and repairs—consider donating your property to University of the Cumberlands in exchange for reliable lifetime payments for you (and a loved one, if you choose).

With a charitable gift annuity funded by real estate, you can:

• Receive fixed income for life while supporting our mission.

• Claim a federal income tax charitable deduction in the year you set up the annuity if you itemize.

• Use appreciated property to potentially reduce or eliminate capital gains taxes—and spread any remaining gain over your life expectancy.

For the greatest tax benefits, gifts of unmortgaged property to fund a deferred gift annuity are often the most effective option.

Looking to sell your property but also want to support University of the Cumberlands? A bargain sale could be the perfect solution.

Here’s how it works:

• You sell your property to the University for less than its fair market value.

• The difference between the sale price and the property’s value counts as your charitable gift.

• You receive a lump sum of cash for part of the property’s value and a charitable income tax deduction (if you itemize) for the gifted portion.

A bargain sale can be a tax-smart way to turn appreciated property into both immediate financial resources and a lasting impact on students’ lives.

You can donate appreciated, unmortgaged real estate you’ve owned for more than a year in exchange for income for life or for a set term of up to 20 years.

Qualifying properties can include:

• A residence (must be vacant at the time of donation)

• Undeveloped land

• A farm

• Commercial property

This type of gift works best with certain charitable remainder trust options. Your estate planning attorney can guide you through the details and draft the trust to meet both your financial and charitable goals.

A gift of real estate can be a meaningful way to honor someone special while making a lasting impact at University of the Cumberlands.

When you make an endowed gift of real estate:

• Your contribution is invested as part of our endowment.

• Each year, a portion of the earnings supports the purpose you designate.

• The principal remains intact, ensuring your gift provides support in perpetuity.

This is a powerful way to create a permanent legacy in your loved one’s name.

By transferring real estate to your donor-advised fund (DAF), you can:

• Avoid capital gains taxes on the property’s appreciation.

• Qualify for a federal income tax deduction based on its fair market value when you itemize.

It’s a simple way to turn appreciated property into a powerful tool for charitable giving.