Cash is a great option for funding both outright gifts and life income gifts. Gifts can be funded fully with cash or with a combination of cash and stock or securities.
Giving appreciated securities or mutual funds is a fast and easy way to make a gift to MIT. Gifts of stock can be directed to any area of the Institute, and can help you diversify your assets and minimize capital gains taxes.
If you would like to fund a life income gift with securities, please contact the Office of Gift Planning for instructions.
A gift of real estate can be a good option for those who own appreciated property and are financially able to make an irrevocable gift of that property. A gift of real estate may also meet your requirements if you need or want to turn that asset into income for yourself or others, and/or could benefit from an income tax deduction, and capital gains tax savings.
What types of real estate can be gifted?
MIT accepts gifts of personal residences, vacation homes, rental and commercial properties, and undeveloped land. To ensure that the property is marketable and free of liabilities such as environmental hazards, MIT conducts a careful review of any prospective gift before accepting title.
What form can the gift take?
Outright gift. Avoid capital gains and qualify for a charitable deduction for the full value of your property.
Charitable remainder unitrust (CRUT). Transfer property to a CRUT and establish income for life or a fixed term, for one or more persons. Avoid capital gains on the sale and receive a partial income tax deduction for your gift.
Bequest. Reduce the size of your taxable estate and spare your heirs the complications of a sale by gifting property through your estate plan.
Retained life estate. Transfer ownership of your residence to MIT while retaining the right to live in the property during your lifetime. You also receive a partial income tax deduction for the year your gift is made and a reduction in the size of your taxable estate at the end of your life.
The above information is not intended to provide legal, tax, or financial advice.