Real Estate: convert property to its full potential
You can give real estate as a current gift or a planned gift (retained life estate, bequest). A current
gift of real estate held long term provides you with a charitable
deduction for the full, fair market value of the gift, for up to 30 percent of your adjusted gross
income. You will need to have your gift appraised by an independent appraiser to determine the
value of your deduction.
The foundation evaluates all potential gifts of real estate for marketability and potential environmental concerns.
Before accepting a gift of real estate, the foundation asks that you supply detailed information on the property.
If you have questions about gift planning, please call the Foundation office (979.774.4087) and the staff would be pleased to meet with you and your financial advisor.
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