Outright Gift

Your Objective

• You would like to support the future of the University of Florida with a significant personal contribution that could help you receive an immediate charitable income-tax deduction.
• You own a property that is not in use, such as a vacation home, an investment property that has become a hassle or a highly appreciated property you are hesitant to sell due to substantial capital-gains taxes.
• You want to avoid the process of selling your property.

Your Benefits

• Receive an immediate charitable income-tax deduction for the property’s full fair market value
• Avoid capital-gains taxes on the property’s appreciation
• Bypass the hassle of selling the property
• For certain properties, avoid depreciation recapture through an outright charitable donation
• Eliminate the burdens of property ownership
• Reduce your taxable estate