A gift of real estate may be a principal residence or vacation residence, a farm, a commercial building, subdivision lots, or unimproved land.  The gift may be the entire property or a fractional interest in the property.  The same benefits which accrue to gifts of appreciated securities apply to gifts of appreciated real estate. All gifts of real estate require prior approval by the Institute.

A donor should remember that all tangible personal property, such as paintings and other works of art, will be subject to estate taxes.  By giving such items to Rose-Hulman during your lifetime or at death, you may realize certain benefits and discover a new way to make a gift. Gifts of tangible personal property which are related to the Institute's purpose generally produce a deduction equal to the fair market value of the property.  Gifts which do not have a related purpose may generate a lower tax deduction but can still be attractive for contribution. Certain gifts of tangible personal property require prior approval by the Institute.