Appreciated Assets

Stocks and bonds are not the only forms of appreciated property that receive favorable tax treatment when they are donated to Kanuga. The IRS also allows donors of appreciated real estate and artwork to contribute them and receive a deduction for their full fair market value.

Gifts of real estate

Kanuga is happy to consider gifts of both commercial and residential real estate. Representatives of Kanuga’s Board of Directors gratefully review each offer, evaluating the condition and marketability of the property. Some of Kanuga's most significant gifts over the years have been gifts of real estate.

Real estate may be transferred to Kanuga in a variety of ways, including:

Gifts of real estate to Kanuga are deductible at their fair market value. The donor is responsible for securing an appraisal to substantiate his or her deduction.

Gifts of business interest

Gifts of transferable partnership or business interests can be used to fund outright gifts or, in certain cases, life-income arrangements such as Charitable Remainder Trusts. They can be given during your lifetime or at your death through your estate.

Gifts of partnership interests qualify for a charitable deduction based on (but not necessarily equal to) the difference between your share of the fair market value of the partnership’s assets and your share of the partnership’s liabilities.

Kanuga accepts gifts of general and limited partnership interests in real estate and limited partnership interests only in other kinds of property and businesses (i.e., real estate partnerships, oil and gas partnerships, general business partnerships and Limited Liability Company interests).

Gifts of partnership interests involve issues of valuation, suitability of Kanuga as partner, transfer restrictions, unrelated business income and tax consequences to the donor.

Kanuga also can facilitate gifts of business interests — C-Corp or S-Corp transactions — as part of an outright gift or estate plan strategy. Such gifts should be carefully reviewed by legal and tax counsel before proceeding.

Gifts of books and artwork

Kanuga receives gifts of books, art and collectibles that are related to Kanuga's mission and enhance Kanuga’s capacity to offer hospitality. A donor must secure an independent appraisal of the piece or pieces to be donated.


For information and assistance with any form of giving to Kanuga, please contact Randy Boone, Kanuga’s director of development, at 828-692-0077, ext. 240, or . Persons considering a sizeable donation to Kanuga or interested in providing for Kanuga in their estate plan should seek the advice of a financial advisor and/or attorney.