Real Estate—Outright Gift

Outright Gift of Real Estate Diagram

How It Works

  1. Transfer title of property to the Institute for Public Service
  2. Receive income-tax deduction for fair-market value of property
  3. The Institute for Public Service may use or sell the property

Benefits

  • Income-tax deduction for fair-market value of property based on qualified appraisal
  • Avoid capital-gain tax on appreciation in value of the real estate
  • Relieved of details of selling property
  • Significant gift to the Institute for Public Service

More Information

Contact Us

Kristen Davis
Director of Development
(865) 974-6621
kristen.davis@tennessee.edu
www.ips.tennessee.edu

 

UT Institute for Public Service
1610 University Avenue
Knoxville, TN 37921

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