Real Estate—Outright Gift

Outright Gift of Real Estate Diagram. Description of image is listed below.

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

Contact Us

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

UT Institute for Public Service
1610 University Avenue
Knoxville, TN 37921
Federal Tax ID Number: 62-1844686

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