Western North Carolina Real Estate Foundation (WNC REF)

Gifts of Real Estate

  • Receive a significant charitable tax deduction for outright gifts
  • Create an income stream for yourself or a loved one
  • Contribute more and increase your charitable impact

The Community Foundation can help you turn your home, vacation home, business property or land into a charitable gift through the Western North Carolina Real Estate Foundation, an affiliate 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.

Real estate can also create a gift that provides income to you or a loved one. Or, use a “retained life estate” arrangement that allows you to continue living in your home or using your vacation home, then have the property become a part of your charitable legacy.

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.

Learn more about Real Estate Gifts

WNCREF Real Estate Gift Checklist

If you have questions about a gift of real estate, contact Julie Klipp, Chief Operating Officer, at 828-785-4740.