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Real Estate—Outright Gift

Outright Gift of Real Estate Diagram. Description of image is listed below.

How It Works

  1. Transfer title of property to NYU
  2. Receive income-tax deduction for fair-market value of property
  3. NYU may use or sell the property

Benefits

  • Income-tax deduction for fair-market value of property based on qualified appraisal
  • Avoid capital-gain tax on appreciation in value of the real estate
  • Relieved of details of selling property
  • Significant gift to NYU

Contact Us

Meryl R. Cosentino
Assistant Vice President
Gift Planning, Trusts & Estates
Phone: 212-998-6960
Email: meryl.cosentino@nyu.edu

New York University
70 Washington Square South
New York, NY, 10012
Federal Tax ID#13-5562308

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