Real Estate

A gift of real estate to UML is a unique way to support the University while possibly avoiding capital gains tax and receiving a charitable income tax deduction. The value of the real estate is also taken out of your taxable estate. Real estate can be given to UML through different means including bequeathing the property, giving the property outright, transferring the property into a charitable remainder trust, or establishing a retained life estate. A retained life estate is established when you give your residence or vacation property to UML but reserve the use of the property for your life and/or the life of another beneficiary.

For more information, contact University Advancement at 978-934-2223.

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