Giving to Reed
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Giving real estate a wonderful solution
for donor and for Reed
Alice Corbett '43
I served as an Oregon state senator from 1958 to 1966, as Multnomah County commissioner in the 1970s, and as National Democratic Committeewoman for one of the longest terms (16 years) in the party's history. It just sort of evolved. The Democratic Party chairman came up to me and announced I was running!
But before that I was a Reedie (from 1940 to 1943), and I still am a Reedie. Although I completed my bachelor's in education at the University of Oregon, I never forgot Reed. While there I would sometimes study with sorority friends from other colleges. They started asking me questions, and I guess the answers were good because next time they crowded around and asked more and more-in subjects I wasn't even taking! I soon saw that I was learning so much more than my friends at other schools.
I made a gift to Reed's pooled income fund in 1991, and I have included Reed in my will. This year, I was able to take advantage of another giving opportunity - transferring ownership of several rental properties to the college. I especially appreciate being freed of the responsibility for the properties I had acquired over the years. I didn't have to go through the hassle of selling. That leaves me free to enjoy my dogs and my longtime support of the Animal Rescue League-as well as my favorite reading: history. (To me, it's more fascinating than fiction.) Giving to Reed has given me back some things of great personal value.
| Real estate transfer is an increasingly attractive option for those who no longer wish to devote the energy or income required to maintain a home, vacation home, or income property. By using the property to create a charitable gift annuity or charitable trust, they bypass capital gains and receive a charitable deduction and lifetime income stream. Reed is experienced in structuring such gifts to fit the donor's needs. For example, through a life estate you can gift your residence and continue living there. Soaring real estate values (not only in cities but also small towns and rural areas) make it possible for property owners to generate substantial income while supporting a cause they care about. For more information call Becky Corcoran at 503/788-6654. |
