EFSC Foundation Gift Planning Guide | Page 10

Real Estate > We support all types of gifts OUTRIGHT GIFTS Benefits  eceive a charitable income tax deduction for the full fair market R value of the property. Avoid capital gains tax on appreciation. Transfer to EFSC the burden and expense of managing and selling your property. Did You Know? An appraisal is usually required to substantiate the tax deduction for most real estate gifts, and must be obtained by the donor. In some cases, EFSC may be willing to purchase a property for less than its fair market value, and the donor is able to claim a tax deduction for the difference. Property subject to a mortgage may not be suitable as a gift to EFSC due to tax and other considerations. 10