Gifts of Real Estate

A gift of your appreciated real property (such as your home, vacation property, vacant land, farmland or commercial property) can make a great gift to The University of North Carolina at Chapel Hill Foundation.

Benefits of gifts of real estate:

• You avoid paying capital gains tax on the growth in the value of your property.
• You receive a charitable income tax deduction.
• You will leave a lasting legacy at Carolina.

How it works

Your real property may be gifted to The University of North Carolina at Chapel Hill Foundation by executing or signing a deed transferring ownership. Your gift will generally be based on the property's fair market value, which must be established by an independent appraisal. All gifts of real estate are subject to approval by the real estate acceptance committee. Your gift of real estate could also be used to fund a life income gift, which could pay you (and your spouse) income for life. Is there an existing debt or mortgage on your property? We can help you determine the capital gains tax implications of your gift, and discuss the best strategy for your charitable giving.

Is a gift of real estate a viable option for you? The Office of Gift Planning can help you think through the issues & your planning options. Please contact us for a free, confidential discussion. We would be happy to assist you and answer your questions.