An outright gift of real estate to FIU entitles the donor to a federal income tax charitable contribution deduction for the full fair market value of the property on the date the gift is made. The FIU Foundation must approve in advance any potential gift of real estate.
A retained life estate allows the donor to give their residence to FIU now, but retain the right for them (or someone else) to have possession of the property and receive any income from the property for life. The donor is entitled to a current federal income tax charitable contribution deduction for the value of FIU's remainder interest in the property.
For additional information on any of these options, including
free customized computer analysis of a gift plan to fit your
specific circumstances, please contact:
Jeffrey G. Fischer
Executive Director
Office of Planned Giving
Office of Corporate & Foundation Relations
MARC 557
305.348.0130 phone
305.348.3337 fax
fischerj@fiu.edu
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