Yes, these types of gifts are referred to as gifts-in-kind and include items such as real estate, works of art, rare books or a collection of items. A gift of real estate can be used to accomplish your gift-giving goals, and the outright transfer of residential, commercial and agricultural properties to TCU may fit within your overall financial plan. Such gifts may provide income and/or estate tax benefits, the opportunity to escape the burden of selling or managing the property, and/or avoidance of capital gains tax if the asset has been held more than one year. The University's ability to accept gifts-in-kind is limited by our ability to use the gift in support of our mission. In some cases, TCU will ask you for approval to liquidate the asset so that proceeds can be used to accomplish your goal for the University. If you are considering a gift-in-kind, please contact TCU's Office of Gift Planning at 817-257-7299 or by email at firstname.lastname@example.org.