Donating appreciated real estate, such as a home, vacation property, undeveloped land, farmland, or commercial property can make a great gift to UMWC.
Your real property may be given to UMWC by executing a deed transferring ownership. Your gift will generally be based on the property’s fair market value, which must be established by an independent appraisal.
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 UMWC