Gift of Real Estate
Transforming Property to Opportunities
Donating land to The University of Alabama is one of the most thoughtful actions a person can take. Through the years, many friends of UA have given the University timberland, homes, and acreage. When you make a gift of land to The University of Alabama, you can rest assured that we have the experience and ability to manage that land with sound principles and professional acumen. Our staff manages more than 45,000 acres of land, including approximately 8,000 acres in environmental easements.
Our pledge to you is to be the best stewards possible of land that is entrusted to us. Properties that you might consider donating to The University of Alabama include: investment properties, unused properties, a family farm, timberland, or a home or property that has appreciated. Proceeds from any land donation you make to UA can be directed to your choice of programs on campus.
And a gift of real estate also helps you. When you give us appreciated property you have held longer than one year, you qualify for a federal income-tax charitable deduction. This eliminates capital-gain tax. And you no longer have to deal with that property's maintenance costs, property taxes, or insurance.
Another benefit: You don't have to hassle with selling the real estate. You can deed the property directly to The University of Alabama or ask your attorney to add a few sentences in your will or trust agreement.
Ways to Give
You can give real estate to The University of Alabama in the following ways:
MAKE A GIFT TODAY
Learn more about the many ways to use real estate to support The University of Alabama in the FREE guide 7 Ways to Donate Real Estate.
An Example of How It Works
John has owned several hundred acres of timberland for many years. He has watched it grow steadily in value throughout the years. Still active in his career and traveling frequently, he’s beginning to think about downsizing.
At this stage of his life, John has decided to move to a 55+ condominium development—where all exterior maintenance is provided and he doesn't have to worry about security issues. John sees this as an opportunity to give his land to a charity that's important to him while realizing valuable tax benefits.
John avoids capital-gain tax on the appreciation and qualifies for a federal income-tax charitable deduction of $250,000, which is for the property's fair-market value today. He is able to claim 30% of his $200,000 adjusted gross income, or $60,000, in the year of the gift. In the five years following, he can continue to use up the remaining $190,000 deduction.
John is happy in his new condo and loves knowing that the gift of his property will make a big difference supporting our mission.
- Click on Overview and Real Property Inquiry Form for more information.
- Contact W. Vance Bristow at 205-348-4770 or email@example.com to discuss the possibility of giving real estate to The University of Alabama.
- Seek the advice of your financial or legal advisor to make sure this gift fits your goals.
- If you include The University of Alabama in your plans, please use our legal name and federal tax ID.
Legal Name: The Board of Trustees of The University of Alabama
Address: Box 870123, Tuscaloosa, AL 35487
Federal Tax ID Number: 63-6001138
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.
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