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Transforming Realty to Gift Reality

Real Estate

Learn more about the many ways to use real estate to support Mount St. Mary’s College in the FREE guide 7 Ways to Donate Real Estate.

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Want to make a big gift to Mount St. Mary’s College without touching your bank account? Consider giving us real estate. Such a generous gift helps us continue our work for years to come. And a gift of real estate also helps you. When you give us appreciated property you have held longer than one year, you get a federal income tax charitable deduction. You avoid paying capital gains tax. And you no longer have to deal with that property's maintenance costs, property taxes or insurance.

Another benefit: You don't have to hassle with selling the real estate. You can deed the property directly to Mount St. Mary’s College or ask your attorney to add a few sentences in your will or trust agreement.

Ways to Give Real Estate

You can give real estate to Mount St. Mary’s College in the following ways:

Submit a few details and see the benefits of an outright gift.

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An outright gift. When you make a gift today of real estate you have owned longer than one year, you obtain a federal income tax charitable deduction equal to the property's full fair market value. This deduction lets you reduce the cost of making the gift and frees cash that otherwise would have been used to pay taxes. By donating the property to us, you also eliminate capital gains tax on its appreciation. Furthermore, the transfer is not subject to the gift tax, and the gift reduces your future taxable estate.

A gift in your will or living trust. A gift of real estate through your will or living trust allows you the flexibility to change your mind and the potential to support our work with a larger gift than you could during your lifetime. In as little as one sentence or two, you can ensure that your support for Mount St. Mary’s College continues after your lifetime and that your estate will benefit from a federal estate tax charitable deduction.

Submit a few details and see the benefits of a retained life estate.

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A retained life estate. Perhaps you like the tax advantages a gift of real estate to our organization would offer, but you want to continue living in your personal residence for your lifetime. You can transfer your personal residence or farm to Mount St. Mary’s College but keep the right to occupy (or rent out) the home for the rest of your life. You continue to pay real estate taxes, maintenance fees and insurance on the property. Even though we would not actually take possession of the residence until after your lifetime, since your gift cannot be revoked, you receive an immediate federal income tax charitable deduction for a portion of your home's value.

Submit a few details and see the benefits of a deferred charitable gift annuity.

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A deferred charitable gift annuity. Are you tired of the hassles of maintaining your property such as paying taxes, utilities and repair bills? Consider donating the property to Mount St. Mary’s College in exchange for reliable payments for life for you (and someone else, if you choose). When you arrange a charitable gift annuity, you're allowed a federal income tax charitable deduction in the year you set up the gift annuity when you itemize on your taxes. If you use appreciated real estate to make a gift, you can usually eliminate capital gains tax on a portion of the gift and spread the rest of the gain over your life expectancy. A gift of unmortgaged property to fund a deferred gift annuity is preferable and generates the greatest tax benefit.

Submit a few details and see the benefits of a charitable remainder unitrust.

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A charitable remainder unitrust. You can contribute any type of appreciated real estate you've owned for more than one year, provided it's unmortgaged, in exchange for an income stream for life or a term of up to 20 years. The donated property may be a residence (a personal residence must be vacant upon contribution), undeveloped land, a farm or commercial property. Real estate works well with only certain variations of charitable remainder trusts. Your estate planning attorney, who will draft your trust, can give you more details.

A memorial or endowed gift. A gift of real estate may be a perfect way to honor your loved one in perpetuity. When you make an endowed gift of real estate, your contribution is invested with and becomes part of our endowment. An annual distribution is made for the purpose you designate. Because the principal remains intact, the fund will generate support in perpetuity.

Please provide the following information to view the brochure.

  1. Contact Cindy F. Hizami at 213.477.2740 or chizami@msmc.la.edu to discuss the possibility of giving real estate to Mount St. Mary’s College.
  2. Seek the advice of your financial or legal advisor to make sure this gift fits your goals.
  3. If you include Mount St. Mary’s College in your plans, please use our legal name and Federal Tax ID.

Legal Name: Mount St. Mary's College
Address: 10 Chester Place Los Angeles, CA 90007
Federal Tax ID Number: 95-1641455

Learn more about the many ways to use real estate to support Mount St. Mary’s College in the FREE guide 7 Ways to Donate Real Estate.

View My Free Brochure
Cash

You may always use cash to fund a lead trust. Oftentimes, lead trusts are funded with cash in addition to stock or real estate.

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Appreciated Securities

A charitable lead trust may be funded using a single appreciated security or a diversified stock and bond portfolio with high potential for growth over time.

More about Appreciated Securities
Real Estate

Income-producing real estate is a perfect asset to fund a lead trust.

More about Real Estate
Cash

A gift of cash in the form of a check is the easiest way to memorialize your loved one and support our work.

More about Cash
Appreciated Securities

The most tax-efficient way to fund a memorial is with appreciated assets you have held for more than a year.

More about Appreciated Securities
Cash

A gift of cash in the form of a check is the easiest way to create a lasting legacy through our endowment.

More about Cash
Appreciated Securities

The most tax-efficient way to fund an endowed gift is with appreciated assets you have held for more than a year.

More about Appreciated Securities
Tangible Personal Property

You may be able to use non-income-producing property such as stamp and coin collections or works of art in exchange for a federal income tax charitable deduction.

More about Tangible Personal Property
Real Estate

Your gift of appreciated real estate will qualify for a federal income tax charitable deduction for the fair market value of the property and eliminate long-term capital gains tax.

More about Real Estate
Real Estate

Your gift of appreciated real estate will qualify for a federal income tax charitable deduction for the fair market value of the property and eliminate long-term capital gains tax.

More about Real Estate
Appreciated Securities

Eliminate capital gains tax by donating appreciated assets you have held for more than a year on the transfer.

More about Appreciated Securities
Tangible Personal Property

You may be able to use non-income-producing property such as stamp and coin collections or works of art in exchange for a federal income tax charitable deduction.

More about Tangible Personal Property
Cash

When you establish a donor advised fund with cash, you will receive an immediate federal income tax charitable deduction for the year the gift was created.

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Cash

Cash—usually in the form of a check—is one of the most common ways to fund a charitable gift annuity.

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Appreciated Securities

By funding a charitable gift annuity with appreciated securities you've owned more than a year, you receive the additional benefit of eliminating part of the capital gains tax on the transfer.

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Closely Held Stock

Use this asset, which is not easily converted to cash, to create a charitable gift annuity and receive tax benefits.

More about Closely Held Stock
Real Estate

Unencumbered real estate such as a personal residence, vacation home, farm or commercial property works best to fund a deferred charitable gift annuity.

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Tangible Personal Property

Use non-income producing assets such as stamp and coin collections or works of art in exchange for fixed payments for life.

More about Tangible Personal Property

A charitable bequest is one or two sentences in your will or living trust that leave to Mount St. Mary’s College a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I, [name], of [city, state ZIP], give, devise and bequeath to #OrgName [written amount or percentage of the estate or description of property] for its unrestricted use and purpose.”

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor-advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much money (and how often) you want to distribute money from that fund to MSMC or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate, or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the gift tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to MSMC as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to MSMC as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and MSMC where you agree to make a gift to MSMC and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Real Estate

To avoid the administrative hassles of selling real estate during your lifetime, give it to us through a bequest.

More about Real Estate
Cash

A gift of cash is one of the most popular ways to support us after your lifetime. You may gift a specified sum of money or a percentage of your estate.

More about Cash
Appreciated Securities

A gift in your will or trust of securities often allows you to make larger gifts than you could during your lifetime.

More about Appreciated Securities
Tangible Personal Property

Leave your legacy with a gift of antiques, stamp/coin collections or works of art.

More about Tangible Personal Property
Bank Accounts, Certificates of Deposit or Brokerage Accounts

You can name Mount St. Mary’s College as beneficiary of your bank accounts, CDs and brokerage accounts by designating your account as Payable on Death (POD) or Transfer on Death (TOD) to us.

More about Bank Accounts, Certificates of Deposit or Brokerage Accounts
Commercial Annuities

A portion of the distributions from commercial annuities is subject to income tax for non-charitable beneficiaries. Naming MSMC as a beneficiary of all or a portion of your commercial annuity will allow us to receive the assets you designate to us completely tax-free.

More about Commercial Annuities
Retirement Plan Assets

The full value of your IRA, 401(k), 403(b) or other qualified plans is subject to federal and state estate taxes at your death and the distributions from these accounts are subject to federal and applicable state income taxes. Instead, consider naming MSMC as a beneficiary of all or a portion of your plan.

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Life Insurance

By naming MSMC as a beneficiary of all or a portion of your life insurance policy, you support our work while retaining the ability to change your gift if your plans change.

More about Life Insurance

Please provide the following information to view the materials for planning your estate.