Real Estate

For many Bucknell donors, real estate is the ideal asset for contribution!

If you are like Marty Leggette '41, you may decide that you wish to contribute your home, but continue to live in it for as long as you wish. You get the benefit of an immediate income tax deduction and the use of the home for as long as you want!

Sometimes it will make sense to contribute the property outright. Myles '67 and Ben '69 Sampson did just that by contributing a parcel of undeveloped real estate alongside PA Route 286, southwestern Pennsylvania's "Golden Mile Highway." The Sampson Family Scholarship and every student aided by it are the beneficiaries of this generous gift.

You may even decide that you wish to generate a steady stream of income from your donation. John and Linda Richter, parents of Tracy Richter Joyner '97, owned and managed a portfolio of residential rental properties. This investment provided what was to be their retirement income…but it also provided a significant burden of maintenance and bookkeeping. They contributed their properties to fund a charitable remainder trust, which continues the income, allowed them to sell and reinvest in an easier to manage portfolio of securities…without paying capital gains tax. Their gift established the John W. Richter III Memorial Scholarship at Bucknell.

Real estate gifts can support scholarships, university construction projects, and nearly any other purpose or project. They can also address myriad planning goals.

For additional information, contact the Office of Gift Planning at 570-577-3200 or giftplanning@bucknell.edu, or send for our booklet that discusses planning techniques for real estate owners.

Send for our booklet that discusses planning techniques for real estate owners