Gifts of Real Estate
Donating appreciated real estate, such as a home, vacation property, undeveloped land, farmland, ranch or commercial property can make a great gift to Kettering Health Foundation.
Benefits of gifts of real estate
- Avoid paying capital gains tax on the sale of the real estate
- Receive a charitable income tax deduction based on the value of the gift
- Leave a lasting legacy to Kettering Health Foundation
How to make a gift of real estate
Your real property may be given to Kettering Health Foundation by executing or signing a deed transferring ownership. You may deed part or all of your real property to Kettering Health Foundation. Your gift will generally be based on the property's fair market value, which must be established by an independent appraisal.
If you are interested in making a gift of real estate, please contact us. We have adopted policies to limit the acceptance of certain kinds of real estate. We would be happy to assist you, explain our gift acceptance policies, and answer any questions you may have.
Mortgaged Property - Please contact us if the property you wish to give has existing debt or a mortgage. Indebtedness can affect your charitable tax deduction.
Capital Gains Tax - Check with us on the capital gains tax implications of your gift. You may also be interested in life income options.