BEING THE CHANGE
“We are proof that education is one key to breaking the cycle of poverty.” – Sue Cumpston (’82), who, along with Lori Mowen (’80), has created a scholarship for first- generation Appalachian students.
Read their story at: https://j.mu/roots
PROPERTY Deeding any piece of property (such as a home, undeveloped land, farm or even commercial real estate) can yield powerful tax benefits and possibly an income stream for you and your loved ones. JMU may use the property or sell it and use the proceeds. Either way, you’ll offset capital gains tax on the transfer. There are several creative ways to leverage your property:
RETAINED LIFE ESTATE With joint planning, you may continue to live on the property for the rest of your life. When you make this gift, you remain responsible for all taxes, maintenance and insurance. The property conveys after your lifetime (or after the term specified in the agreement).
CHARITABLE BARGAIN SALE If you would like cash to meet other obligations, or an assured stream of income for retirement, consider this option. You’ll sell your residence or other property to JMU for a price below the appraised market value. This transaction is part charitable gift and part sale. You can receive payment from JMU in a lump sum.
If you’ve already made a planned gift to JMU, thank you. PLEASE NOTIFY US so we can ensure your wishes are honored at 540-568-8939.
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