You may be looking for a way to make a significant gift to support Geneseo that makes a lasting impact on the lives of students. A bequest is a gift made through your will or trust. It is one of the most popular and flexible ways you can support the College.More
Gifts of Real Estate
Donating appreciated real estate, such as a home, vacation property, undeveloped land, farmland, ranch or commercial property can make a great gift to The Geneseo Foundation, Inc..
Benefits of gifts of real estate
- Avoid paying capital gains tax on the sale of the real estate
- Receive a charitable income tax deduction based on the value of the gift
- Leave a lasting legacy to The Geneseo Foundation, Inc.
How to make a gift of real estate
Your real property may be given to The Geneseo Foundation, Inc. by executing or signing a deed transferring ownership. You may deed part or all of your real property to The Geneseo Foundation, Inc.. Your gift will generally be based on the property's fair market value, which must be established by an independent appraisal.
If you have any questions about gifts of real estate, please contact us. We would be happy to assist you and answer any questions that you have.