Personal Property

Paintings, antiques, collectibles or other personal property that can be donated to Middlebury.

Middlebury may elect to use it in furtherance of its mission or sell the property and use the proceeds for its mission.

Benefits

  • Receive an income tax deduction
  • Pay no capital gains tax on appreciation of the property
  • Receive gift credit
  • It may be possible to fund a life-income gift with the property, which benefits Middlebury and provides you with income now.
  • Enjoy the satisfaction in making a significant gift without adversely affecting your cash flow

Real Estate

A gift of real estate can help you meet your needs as well as support Middlebury. And real estate can be a key element in overall financial planning.

There are two kinds of real estate gifts: outright gifts and retained life estate gifts.

Retained Life Estate

Donor contributes real estate—typically a primary residence or vacation home—to Middlebury and retains use of the property during his or her lifetime. Donor receives tax deduction, and the property is excluded from his or her taxable estate.

Example

A 75-year-old donor creates a retained life estate with a primary home valued at $500,000 in February 2019. She receives a tax deduction of $320,700 and can remain in her home as long as she chooses.

As a life tenant, you continue to maintain the property and to pay property taxes. You can give up use of the property at any point. At that time, you would no longer be responsible for taxes or maintenance and would receive a further charitable income tax deduction.

Benefits

  • Remove the asset from your taxible estate
  • Receive gift credit and an income tax deduction for a portion of the appraised value of your property
  • Terminate your life estate at any time and take an additional income tax deduction
  • Enjoy the satisfaction in making a significant gift now that benefits Middlebury later.

Outright Gifts

If you no longer use a vacation house or other property, an outright gift can provide significant benefits. You can deed your property (home, vacation home, commercial building, or investment property) to Middlebury. Middlebury may use the property for educational purposes or, more likely, will sell it and the use the proceeds from the sale to support its mission.

Benefits

  • Receive an income tax deduction for the fair market value of the real estate
  • Pay no capital gains tax on the transfer
  • Direct the proceeds from your gift to a specific College program
  • Remove the asset from your taxible estate

Gift Administration
Middlebury College
700 Exchange Street
Middlebury, VT 05753
802.443.5922
mga@middlebury.edu