A charitable gift of appreciated real estate or personal property, whether it's your residence, a farm, commercial property or vacant land, is a valuable gift to North Island College that is also beneficial to you.
By transferring ownership of your personal property – now or in your estate planning – you qualify for a charitable income-tax deduction based on the fair market value of your property with no capital gains liability. Alternatively, you could transfer the residual interest in your residence and retain the right to use the property for life, giving you an immediate tax benefit.
Our practice is to evaluate the uniqueness of each gift to determine its suitability as an educational resource or a saleable asset with the earnings directed toward a donor-specified project or program area. We would be happy to review your offer of personal property to ensure the gift is appropriate for all parties.
Our website information is intended as a general overview only and not as legal or tax advice.
Please consult with a qualified professional advisor to determine the best strategy for your situation.