Gifts of Real Estate
Donating appreciated real estate, such as a home, vacation property, undeveloped land, farmland, or commercial property can be a great way to establish or add to your fund at the Community Foundation of Louisville.
Benefits of gifts of real estate
- Eliminate capital gains tax on the sale of the real estate
- Receive a charitable income tax deduction based on the value of the donation
- Support your philanthropic giving through your fund at the Community Foundation of Louisville
How to make a gift of real estate
Contact the Community Foundation of Louisville to learn more about this option. Your real property may be given to the Community Foundation of Louisville by executing or signing a deed transferring ownership. You may deed part or all of your real property to the Community Foundation. Your gift will generally be based on the property's fair market value, which must be established by an independent appraisal.
Contact us
If you have any questions about gifts of real estate, please contact us. We would be happy to assist you and answer any questions that you have.
Additional Information
Mortgaged Property - Please contact us if the property you wish to give has existing debt or a mortgage. Please note that encumbered property will be accepted only in exceptional circumstances.
Difficult Property Gifts - Certain properties pose challenges. We have adopted policies to limit the acceptance of certain kinds of real estate. Please check with us before making a gift of real estate so we can explain our gift acceptance policies.
Capital Gains Tax - Check with your tax advisor on the capital gains tax implications of your gift. You may also be interested in life income options.
