Real Estate

Many types of real estate can be used to make a gift to Virginia Tech, including personal residences, farms, undeveloped land, or commercial properties. Making a gift of real estate requires, at a minimum, an appraisal, environmental review, and deed. As a donor of real estate, you receive an income tax deduction and avoid capital gains tax. In addition, donors of outright gifts typically avoid maintenance costs, property taxes, insurance, and other on-going expenses.