Real Estate and Art or Personal Property
The range of gifts Reed can accept may surprise you. You can give outright gifts of real estate, art, manuscripts, collectibles, or other tangible personal property to enrich the Reed community. You may even donate these assets to fund a gift that benefits you or loved ones.
Gifts of tangible personal property
Gifts of tangible personal property—such as artwork, books and manuscripts, crops, antiques and collectibles—may be donated to Reed during your lifetime or by bequest. Tax and financial benefits will depend on the asset that is donated as well as the structure and purpose of the gift.
For your tax purposes and to ensure that the college can accept and use your gift of personal property, please contact our gift planning team directly. You can reach the advancement counsel and senior director of gift planning, Kathy Saitas, at 503/777-7759 or at firstname.lastname@example.org. We will provide you with the information you need to ensure your gift is transferred to the college as smoothly as possible.
Gifts of art
Artwork is a gift of personal property but there are some additional tax and handling considerations when making a gift of art. We encourage you to contact Kathy Saitas to discuss your intentions to donate artwork either during your lifetime or as part of your legacy planning.
Gifts of real estate
A gift of real estate can be a mutually beneficial way to support Reed. You may give an entire piece of property or an undivided fractional interest to Reed. Your gift can be made outright or as part of a gift vehicle, such as a charitable remainder trust, that provides income payments to you or your loved ones. Reed has accepted residential, commercial, and farm real estate and can work with you and your professional advisors on your gift.
Real estate gifts may qualify for tax benefits, such as a charitable income tax deduction, and reduced or eliminated capital gains tax. Each proposed gift of real estate is evaluated on a case-by-case basis. The owner must have owned the property for at least 12 months prior to donation and the owner must obtain a qualified appraisal for tax purposes.
To learn more and to discuss creative charitable giving options using real estate, contact Kathy Saitas, advancement counsel and senior director of gift planning, at 503/777-7759 or at email@example.com.
The information on this site is not intended to provide specific advice about your estate plan or to recommend a specific course of action. We suggest you consult your professional advisers before taking any action, then contact Reed's gift planning office at 503/777-7373 or at firstname.lastname@example.org to learn more about these giving strategies.