Turn property gains into community good

Making a charitable gift of real estate through Galesburg Community Foundation can help you turn your property gains into community good. The value of your real estate may exceed that of any other asset you own. With the help of the Community Foundation, you can use it to fulfill your charitable interests and receive financial and tax benefits.

How it works

  • Your gift can be placed in any of our charitable funds.
  • With gifts of real estate, your property gains translate into community impact, so you get a more rewarding return on a major asset.
  • Your gift can be placed into an endowment that is invested over time. Earnings from your fund are used to make grants addressing community needs. Your gift—and all future earnings from your gift—is a permanent source of community capital, helping to do good work forever.

Choose a fund

If your gift meets the fund minimum, you have the opportunity to create a charitable fund in your name, the name of your family, or in honor of any person or organization you choose. Select one of the following fund types:

  • Impact Fund – Address a broad range of current and future needs. The Community Foundation awards strategic grants to select projects and programs.
  • Field of Interest Fund – Target your gifts to causes that are important to you. The Community Foundation awards grants to programs addressing your specific interest area.
  • Designated Fund – Support the good work of a specific nonprofit organization with a source of income, plus planned giving and investment management services.

More benefits

A gift of real estate allows you to make a bigger charitable difference than you may have thought possible, while also helping you avoid estate taxes, and minimizes or eliminates burden placed on your heirs. Charitable gifts of real estate range from personal residences and vacation homes to rental properties, farmland, and commercially developed land.

You may choose to give real estate outright and receive an immediate tax deduction or retain the use of the property during your lifetime and make a planned gift to the Community Foundation. You may also choose to convert real estate into a stream of income for the rest of your life by establishing a charitable remainder trust or charitable gift annuity with the Community Foundation. Doing this lets you transform a low-yield asset into a higher-yield, income-producing asset and claim a tax deduction for the charitable portion of the gift.

Sarah Grant

Let's connect

To learn more about how a gift of real estate can support the causes you care about, call Sarah Grant, Director of Development, at 309.344.8898.

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Haley Sloss

Charitable Giving Coordinator

Short Bio

Haley provides support to enhance the function and success of the Charitable Giving and Affiliate Teams. She ensures donors receive a personal approach to philanthropy through outstanding customer service by supporting charitable giving for donors and fund holders across the state.