Gifts of Real Estate
Donating appreciated real estate, such as a rental property, vacation property, undeveloped land, farmland, ranch or commercial property can make a great gift to Ohio University.
Benefits of gifts of real estate
- Avoid paying capital gains tax on the sale of the real estate
- Receive a charitable income tax deduction based on the value of the gift
- Create a lasting legacy for The Ohio University Foundation
How to make a gift of real estate
Your real property may be given to The Ohio University Foundation by executing or signing a deed transferring ownership. You may deed part or all of your real property to The Ohio University Foundation. Your gift may be based on the property's fair market value, which must be established by an independent appraisal. The Ohio University Foundation has policies and procedures in place for evaluating gifts of real property.
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.
Mortgaged Property - Please contact us if the property you wish to give has existing debt or a mortgage. Indebtedness can affect your charitable tax deduction.
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 us on the capital gains tax implications of your gift. You may also be interested in life income options.