Real Estate—Outright Gift

Outright Gift of Real Estate Diagram. Description of image is listed below.

How It Works

  1. Transfer title of property to East Tennessee Foundation (“ETF”)
  2. Receive income-tax deduction for fair-market value of property
  3. ETF may use or sell the property

Benefits

  • Income-tax deduction for fair-market value of property based on qualified appraisal
  • Avoid capital-gain tax on appreciation in value of the real estate
  • Relieved of details of selling property
  • Significant gift to ETF

More Information

Contact Us

Angelia Nystrom
(865) 524-1223, ext. 121
anystrom@etf.org
Federal Tax ID Number: 62-0807696

 

East Tennessee Foundation
ATTN: Angelia Nystrom
520 W. Summit Hill Drive, Suite 1101
Knoxville, TN 37902

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