Gifts of real estate
Many types of real estate, including personal residences, farms, undeveloped land, and commercial properties, can be used to make a gift to Virginia Tech.
Donors of real estate receive an income tax deduction and avoid capital gains tax. In addition, your outright gift of real estate typically avoids maintenance costs, property taxes, insurance, and other on-going expenses.
The first step in making a gift of real estate to Virginia Tech is to contact the Office of Gift Planning at 540-231-2813 or email@example.com.
We can help you with required forms which include, at a minimum, an appraisal, environmental review, and deed.