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Gifts of Real Estate

Donating appreciated real estate, such as a home, vacation property, undeveloped land, farmland, ranch or commercial property can make a great gift to Virginia Mason Foundation.

Gifts of Real Estate
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Benefits of gifts of real estate

  • Avoid paying capital gains tax on the sale of the real estate
  • Receive a charitable income tax deduction based on the value of the gift
  • Leave a lasting legacy to Virginia Mason Foundation

How to make a gift of real estate

Your real property may be given to Virginia Mason Foundation by executing or signing a deed transferring ownership. You may deed part or all of your real property to Virginia Mason Foundation. Your gift will generally be based on the property's fair market value, which must be established by an independent appraisal.

Contact us

If you have any questions about gifts of real estate, please contact us. We would be happy to assist you and answer any questions that you have.

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This site is informational and educational in nature. It is not offering professional tax, legal, or accounting advice. For specific advice about the effect of any planning concept on your tax or financial situation or with your estate, please consult a qualified professional advisor.