The Jewish Community Foundation
Real Estate Supporting Foundation: JCFRE

What is the JCFRE?
It is a tax-exempt, 501(c)(3) organization that exists solely to support the activities of the Jewish Community Foundation. Like any supporting foundation, the JCFRE has a separate Board of Trustees. But as a part of the Foundation family, the JCFRE has an active Gift Acceptance Committee that reviews proposed non-cash gifts. The JCFRE works seamlessly with the Jewish Community Foundation to ensure that real estate gifts can be used to participate in any of the charitable programs of the Foundation, whether it be a Donor Advised Fund, Endowed Fund, or similar vehicle. In short, the JCFRE provides structure and expertise for those who are considering a real estate gift.

What kinds of property can be donated to the JCFRE?

Almost any debt-free, environmentally clean real estate holds great potential for charitable gift planning. If the property has been held for more than 12 months and has appreciated in value, then an income tax deduction for the fair market value, limited to 30% of adjusted gross income, is allowed.

In addition, there are some very attractive advantages to donating personal real estate. For instance, a donor may want to donate their personal residence, but continue to live in it. In certain cases, a donor can make arrangements to be allowed to live in a personal residence after the property is donated. This makes donations of homes very attractive. If the property is not a personal residence, however, the donor usually cannot continue to use the asset.

How do I make a gift to the JCFRE?

The JCFRE seeks to make the process of donating real estate as easy and convenient as possible. A donor who proposes a real estate donation will need the following:

	a copy of the deed and map or survey of the property
	a copy of the current tax assessment or other indication of value
	a summary of carrying costs of the property
	a Phase 1 (and Phase 2, if necessary) environmental report
	a summary description of all insurance policies in force
	a copy of the Partnership Agreement
	Tenants In Common Agreement or any other document affecting ownership
	and a Signed Indemnity Agreement

Gift planning through real estate holds many possibilities. As the largest single investment for many donors, it makes sense to utilize this asset to make their charitable giving goals a reality. Anyone interested in making a gift of real estate to the Jewish Community Foundation’s Real Estate Supporting Foundation should contact Lauren Mattleman Hoopes, JCF Executive Director, at laurenh@jewishkc.org.

Gifts of Real Estate

Gift Acceptance Committee