Gift in Kind
A gift in kind is a donation of tangible property instead of cash. Securities, real estate, and other types of property and products make excellent ways to fund a charitable gift. Qualified appraisals and King’s final approval are required prior to accepting most types of gifts in kind.
A gift-in-kind can include anything from valuable objects to business interests. Providing The King’s University can accept the gift,* donors may be eligible to receive a tax receipt for the fair market value.
Gifts of land, homes, business property, or other real estate can also be donated to King’s. By making a gift of real estate, donors may avoid some capital gains tax on certain types of property such as a principle residence or farm land. Providing The King’s University can accept the gift,* donors may receive a tax receipt for the fair market value.
*Donors are asked to discuss their intentions for a gift in kind with Development staff to ensure King’s can accept the gift and use it to further King’s mission. Special processes and appraisals may be required and Development staff can share information with donors about those steps.
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