Donating real estate or personal property to the Grays Harbor College Foundation is a powerful way to support our mission while benefiting from significant tax advantages. Whether you’re considering a home, commercial property, artwork, or collectibles, your contribution can make a meaningful impact.
The Impact of Your Gift
Gifts of real estate and personal property provide essential support for our college programs and scholarships. They can also offer substantial tax benefits, such as avoiding capital gains taxes on appreciated value and receiving a charitable deduction based on the property’s fair market value.
Making Your Gift
- Consult with Experts: Start by discussing your donation with your financial advisor or attorney to understand the tax implications and ensure the gift aligns with your estate planning goals.
- Contact Us: Inform the Grays Harbor College Foundation at 360.538.4024 or foundation@ghc.edu about your intent to donate. We will assist you in ensuring that your gift aligns with the needs of the college and the Foundation while guiding you through the process.
- Evaluate and Document: For real estate, we will evaluate the property to determine its value and any associated liabilities. For personal property, you will need to conduct an appraisal to establish its fair market value.
- Transfer Ownership: Arrange for the transfer of the property. Real estate gifts typically require a deed transfer, facilitated by your attorney or title company. Personal property may involve direct delivery or coordination with a third party.
- Receive Acknowledgment: After the transfer, we will provide you with a receipt and formal acknowledgment of your gift.
Designate Your Gift
If you have specific preferences for how your donation should be used, please let us know. We can direct your gift to support particular programs, scholarships, or other areas of need at Grays Harbor College.
Assistance and Contact
For more information or assistance with making a gift of real estate or personal property, please contact us at 360.538.4024 or foundation@ghc.edu. We are here to ensure your generous contribution is handled with care and meets your intentions.
