Do you own a second home, farm, or vacation property that you or your family are no longer using? Are you tired of managing your commercial property or paying to maintain your rental property? Are you considering "downsizing" or moving into a retirement community? Would you like to leave a lasting legacy for Purnell while at the same time keeping your cash and other liquid assets?

If you answered yes to any of the questions above, then you might want to consider donating such property to Purnell School. There are several methods to consider:

• Retained Life Use. This methods involves gifting your primary residence, vacation home, or farm to Purnell while at the same time "retaining" the right to use the property during you and your spouse's (or other loved ones) lifetimes. Donors who utilize this method of giving remain responsible for the maintenance, insurance, and taxes.
• Life Income Agreement. This method involves transferring your real estate to a charitable remainder trust, and naming Purnell School as the remainder beneficiary. The trust then sells the property and invests the proceeds, paying you an income for life.
• Outright Gift. This method involves transferring the real estate to Purnell School. Donors who use this method of giving are no longer responsible for the maintenance, insurance, and taxes associated with the donated property.
• Bargain Sale. This method involves selling your property to Purnell School at a substantially reduced price. Donors who use this method are no longer responsible for the maintenance, insurance, and taxes associated with the property, and they receive both cash and an income tax deduction.
• Gift by Bequest. You may leave your real estate to Purnell School by making a bequest in your will.

Donating real estate to Purnell can be a very smart way to give. Depending on which method you choose, your may benefit by capital gains taxes, reducing your estate or gift taxes, generating an income tax deduction, and possibly even increasing your annual income.