Donating appreciated real estate, such as a home, vacation property, undeveloped land, farmland, ranch or commercial property can make a great gift to United Methodist Foundation of West Virginia.
Your real property may be given to United Methodist Foundation of West Virginia by signing a deed transferring ownership. Your charitable contribution deduction will generally be based on the property's fair market value, which may need to be established by a qualified, independent appraisal.
If you have any questions about gifts of real estate, please contact us so we can 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 - Let us work together with your advisors about any capital gains tax implications of your gift. You may also be interested in life income options.