Giving and Tax Benefits

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Giving and Tax Benefits

Great tax benefits exist for those who give. Here are some of the gifts and associated benefits you should know about.

Retained Life Estates

Donate your home, farm or a second home to PSU and receive an immediate income tax charitable deduction, while retaining the right to live in your home for the rest of your life. If you itemize your deductions instead of taking the standard deduction you could save significant income taxes. If you cannot use your entire deduction in the year of your gift, you may carry forward all unused deduction for up to five additional years if you are able to itemize in each of those years.

Bargain Sale

Receive immediate cash and make a gift to support PSU by selling to us a valuable asset, such as real estate, for less than it is worth.

IRA Charitable Rollover Made Permanent

The IRA charitable rollover is now permanent and is a terrific way to make a tax-free gift to Portland State University Foundation using your qualified retirement plan.