A gift of property is a creative way to give to Hampshire.
A charitable gift of real estate, whether it is your personal residence, a vacation home, a farm, commercial real estate, or vacant land, offers the advantage of qualifying for a charitable income-tax deduction based on the fair market value of your property with no capital gains liability for making the transfer to the College.
There are several ways to donate real estate:
We would be happy to review your offer and evaluate the condition and marketability of the proposed real estate to determine that the donation is risk-free and appropriate for all parties. Note: The IRS requires donors of real estate to secure an independent appraisal to establish the fair market value of the property. We can assist you in following the IRS procedures to obtain the appraisal.
In addition to gifts of real estate, gifts of personal property are a meaningful way to contribute to the College. Making a gift of tangible personal property, such as art, a prized collection, antiques, or securities, may allow you to take a tax deduction for its full fair market value if it is related to our exempt function.
To learn about gifts of real estate or the kinds of property that would benefit our mission, please contact us.