Gifts of Real Estate
A gift of your appreciated real property (such as your home, vacation property, vacant land, farmland, ranch or commercial property) can be a great way to support your favorite causes and charities at Akron Community Foundation.
Here are some of the benefits you may enjoy:
- Avoid paying capital gains tax
- Receive a charitable income tax deduction
- Leave a lasting legacy
How you make a gift of real property
Your real property may be gifted to Akron Community Foundation by executing or signing a deed transferring ownership. You may deed part or all of your real property to support or start your own charitable fund. Your gift will generally be based on the property's fair market value, which must be established by an independent appraisal.
Can you make a gift of mortgaged property?
Please contact us if the property you wish to give has existing debt or a mortgage. Check with us on the capital gains tax implications of your gift. You also may be interested in life income options.
Contact us for more information
If you have any questions about making a gift of real estate, please click here to send us an email with your questions or comments.
Around Akron Events »
