Donations of real estate provide a significant charitable tax deduction for outright gifts and increase your charitable impact. CFWNC can help you turn your home, vacation home, business property or land into a charitable gift through the Western North Carolina Real Estate Foundation (WNC REF), a supporting organization of CFWNC.
When you give real property that you have owned for more than a year, your gift qualifies for an income tax charitable deduction equal to the property’s full fair market value. You also avoid tax on long-term capital gain. Proceeds from the property’s sale can create or be added to a CFWNC fund.
Gifts of real estate require due diligence prior to the contribution, usually including a site visit to the property, a qualified appraisal, a preliminary title report, and an environmental assessment. We make the process as easy as possible, managing and selling the property after it is contributed.
Are you a professional advisors with clients interested in leaving a planned gift of real estate?
Review Sample Bequest Language
Board of Directors
Carla Barnard, Likewise Commercial Real Estate, Chair
Joanne Badr, Ward & Smith PA
Barbara Baskerville, Beverly Hanks
Eva Clement, Clement Law Firm, PLLC
Michael (Mike) Falknor, SCS Engineers
Josh Holmes, Ed Holmes & Associate Land Surveyors
Jochen Lucke, Silver Creek Real Estate Group
Kate Madison, Roberts & Stevens, P.A.
Christine Mallette, Better Homes and Gardens Real Estate/Heritage Real Estate
Kimberly Winters, Movement Mortgage
Information for Prospective Donors of Real Estate
Questions? Contact Laura Herndon, Vice President, Development, at 828-367-9900.