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Gifts of Real Estate


How It Works

  • You deed your home, vacation home, undeveloped property, or commercial building to The Scripps Research Institute.
  • You may continue to use the property rent-free, and then ownership passes to us when you no longer need it.
  • The Scripps Research Institute may use the property or sell it and use the proceeds.

Benefits

  • You receive an income tax deduction for the fair market value of the real estate.
  • You pay no capital gains tax on the transfer.
  • You can direct the proceeds from your gift to a specific program at The Scripps Research Institute.


The material presented on this Planned Giving website is not offered as legal or tax advice.
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