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Planned Giving

Transforming Realty to Gift Reality

Real Estate

Learn more about the many ways to use real estate to support East Central University in the FREE guide 7 Ways to Donate Real Estate.

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Want to make a big gift to the East Central University Foundation without touching your bank account? Consider a gift of real estate. Such a generous gift helps the Foundation to continue its work for years to come. And a gift of real estate also helps you. When you give appreciated property you have held longer than one year, you get a federal income tax charitable deduction. You avoid paying capital gains tax. And you no longer have to deal with that property's maintenance costs, property taxes or insurance.

Another benefit: You don't have to hassle with selling the real estate. You can deed the property directly to the ECU Foundation, or ask your attorney to add a few sentences in your will or trust agreement.

Ways to Give Real Estate

You can give real estate to the ECU Foundation in the following ways:

Submit a few details and see the benefits of an outright gift.

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An outright gift. When you make a gift today of unmortgaged real estate you have owned longer than one year, you obtain a federal income tax charitable deduction equal to the property's full fair market value. This deduction lets you reduce the cost of making the gift, and frees cash that otherwise would have been used to pay taxes. By donating the property to the Foundation, you also eliminate capital gains tax on its appreciation. Furthermore, the transfer is not subject to the gift tax, and the gift reduces your future taxable estate.

A gift in your will or living trust. A gift of real estate through your will or living trust allows you the flexibility to change your mind and the potential to support the Foundation and ECU with a larger gift than you could during your lifetime. In as little as one sentence or two, you can ensure that your support for the ECU Foundation continues after your lifetime and that your estate will benefit from a federal estate tax charitable deduction.

A memorial or endowed gift. A gift of real estate may be a perfect way to honor your loved one in perpetuity. When you make an endowed gift of real estate, your contribution is invested with and becomes part of the Foundation's endowment. An annual distribution is made to support the University as you have designated. Because the principal remains intact, the fund will generate support in perpetuity.

A donor advised fund. When you transfer real estate to your donor advised fund, you avoid capital gains taxes and receive a federal income tax deduction based on the fair market value of the property.

eBrochure Request Form

Please provide the following information to view the brochure.

  1. Contact ECU Foundation, Inc. at 580-559-5655 or ckurtz@ecok.edu to discuss the possibility of giving real estate to the ECU Foundation.
  2. Seek the advice of your financial or legal advisor.
  3. If you include the ECU Foundation in your plans, please use our legal name and federal tax ID.

Legal Name: East Central University Foundation, Inc.
Address: 1100 E. 14th Street PMB Y-8 Ada, OK 74820
Federal Tax ID Number: #23-7058908

Learn more about the many ways to use real estate to support East Central University in the FREE guide 7 Ways to Donate Real Estate.

View My Free Brochure

A charitable bequest is one or two sentences in your will or living trust that leave to East Central University a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

Bequest Language

"I, [name], of [city, state ZIP], give, devise and bequeath to the ECU Foundation [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to the ECU Foundation or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate, or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the gift tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to the ECU Foundation as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to the ECU Foundation as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and the ECU Foundation where you agree to make a gift to the ECU Foundation and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.