A gift of real estate to Carroll can benefit both the donor and the college, and there are several attractive options available. However, in considering which option is most appropriate, some questions must be answered:

• What type of real estate is being donated?
• When was the property purchased?
• What price was paid for the real estate?
• Is there a mortgage, restrictions/easements on the property?
• What is the likelihood of resale?
• Are there environmental concerns such as erosion or hazardous waste?
• What is the direction of the economy and the real estate market?

The easiest way to make a gift of real estate is through an outright gift. If the property is a long-term capital asset, held for over one year, you receive a charitable income tax deduction for the appraised value. The charitable income tax deduction may be applied for up to 30% of your adjusted gross income; otherwise the deduction is carried forward for up to five more years. You are freed from paying real estate taxes, maintenance costs, insurance, and capital gains taxes on the property's appreciation. Making a gift of real estate enables you to make a leadership gift or to fund a scholarship at Carroll in your own name or in the name of a loved one.