Gift Planning

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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 Northern Arizona University Foundation.

Flowchart: Donor makes a gift of appreciated real estate to NAU Foundation.

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 Northern Arizona University Foundation

How to make a gift of real estate

Your real property may be given to Northern Arizona University Foundation by executing or signing a deed transferring ownership. You may deed part or all of your real property to Northern Arizona University 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.

Additional Information

Mortgaged Property - Please contact us if the property you wish to give has existing debt or a mortgage. Indebtedness can affect your charitable tax deduction.

Difficult Property Gifts - Certain properties pose challenges. We have adopted policies to limit the acceptance of certain kinds of real estate. Please check with us before making a gift of real estate so we can explain our gift acceptance policies.

Capital Gains Tax - Check with us on the capital gains tax implications of your gift. You may also be interested in life income options.

Gifts of real estate can be made using trusts, an outright gift, or by a provision in your will. Donate most types of real estate, such as: undeveloped land, farms, commercial buildings, vacation homes, or your residence.

In most cases, appreciated property that has been held longer than one-year is subject to capital gains tax. Gifting your property to the Northern Arizona University Foundation may eliminate some or all of your capital gains tax, as well as providing a significant charitable deduction. Additionally, the hassle of maintenance, property taxes, insurance, and selling the property is alleviated.

To ensure the NAU Foundation will be able to receive and effectively utilizes your property, contact the Office of Gift Planning at (928) 523-2395, or email [email protected].

Ways to give real estate

You can give real estate to the NAU Foundation in the following ways:

An Outright gift

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A gift in your will or living trust

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A retained life estate

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A bargain sale

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