Real Estate

Texas State University does accept gifts of real property, as a gift of real estate provides the donor the opportunity to support Texas State, resulting in a possible charitable income tax deduction, a reduction in estate taxes and reduction of capital gains tax. Gifts of real property (also called real estate or realty) are defined as land, its natural resources such as timber, coal, oil, gas and other minerals, and any permanent buildings on it.

Examples of real property include:

• Residential property
• Investment property, such as apartments, office buildings and shopping centers
• Commercial property, such as industrial parks, hotels and recreational parks
• Agricultural land used for the production of livestock or crops

Significant income tax and estate tax savings can be realized if you make a gift of your home and continue to live there through your lifetime and that of your spouse. For additional information on gifts of real estate, contact a development officer. You may also contact the Development Office by email at developmentoffice@txstate.edu or by telephone at 512-245-2396.