Real Estate—Outright Gift

Outright Gift of Real Estate Diagram

How It Works

  1. Transfer title of property to Chum
  2. Receive income-tax deduction for fair-market value of property
  3. Chum 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 Chum

More Information

Contact Us

Gracia Swensen
Development Director
218-720-6521
gswensen@chumduluth.org

 

Chum
102 West Second Street
Duluth, MN 55802

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