Gift Planning

Gifts of Real Estate

Gift of Real Estate Diagram

How It Works

  • You deed your home, vacation home, undeveloped property, or commercial building to Smith College.
  • You may continue to use the property rent-free, and then ownership passes to us when you no longer need it.
  • Smith College may use the property or sell it and use the proceeds.

Benefits

  • You receive an income tax deduction for the fair market value of the real estate.
  • You pay no capital gains tax on the transfer.
  • You can direct the proceeds from your gift to a specific program at Smith College.


Contact Us

Planning your estate and legacy for future generations, including your charitable interests, takes careful evaluation. Consulting with the appropriate professionals can assist you.

Office of Gift Planning

Dawes House
8 Bedford Terrace
Northampton, MA 01063

Phone: (800) 241-2056 (option 5) or (413) 585-2051
E-mail: giftplanning@smith.edu