Gifts of real estate
Farmland or a home you no longer need can have a significant impact when donated to K-State. Real estate that has been held for a significant length of time may have appreciated in value and could offer great potential for charitable giving.
In most cases, gifts of real estate qualify for an income tax deduction. The amount of the deduction could equal the current appraised value of the property if it is an outright gift or it could equal a percentage of the appraised value of the property if the gift is being used to fund a life income arrangement or it is a gift of a remainder interest in a property. By transferring real estate directly to the foundation through its supporting organization, the KSU Charitable Real Estate Foundation (KSUCREF), you may also avoid paying capital gains taxes on the property.
Learn more about the foundation’s policies and procedures for gifting real estate by going to “Our Financials/Real Estate"
For specific questions and/or procedures regarding a possible gift of real estate, please contact:
Larry D. Fox, Director of Real Estate
Kansas State University Foundation
KSU Charitable Real Estate Foundation
785-532-7541 (direct line)
800-432-1578 (toll free, ask for Larry)