Real Estate—Outright Gift

You receive a charitable income-tax deduction for the full fair-market value of the unencumbered real estate. You may apply the deduction up to 30% of your adjusted gross income—in the year of the gift—with the five-year carryover provision. You avoid capital-gain tax on the appreciation you have in the property, and there are no gift taxes. Because you have removed the property from your estate, you may also reduce your estate taxes.

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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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