Gifts That Protect Your Assets
Increased income may not be your primary objective. Instead, you may be wondering how you will deal with some highly appreciated property or a growing family business as your needs and lifestyle change. Will taxes consume much of the value that you have worked so hard to grow? Will anything be left for you and your family?
We have several plans that help you keep control of your assets or transfer them, at less cost to you and to make a gift at the same time.
Charitable Bargain Sale
You sell your residence or other property to MSU for a price below the appraised market value — a transaction that is part charitable gift and part sale. MSU may use the property, but may also elect to sell it and use the proceeds for the gift purposes you specified.
You receive an immediate tax deduction for the discount you took from the appraised market value of your property. You pay no capital gains tax on the donated portion of your property.
Retained Life Estate
You transfer the title to your residence, farm or vacation home to MSU and live there for the rest of your life or a specified term of years. As you continue to live in the property, you are responsible for all taxes and upkeep. The property passes to MSU when your life estate ends.
Charitable Lead Trust
You contribute securities or other appreciating assets to a charitable lead trust. The trust makes annual payments to MSU for a period of time. When the trust terminates, the remaining principal is paid to your heirs. Income payments to us for a term reduce the ultimate tax cost of transferring an asset to your heirs.
Additional Information
For more information on making a gift in one of these formats, please call our office at 606-783-2033 or send an email to giving@moreheadstate.edu.
Contact Us
Alumni Relations & Development
121 E. Second St., Suite 107
Morehead, KY 40351
EMAIL: alumni@moreheadstate.edu
PHONE: 606-783-2033
FAX: 606-783-5049
