Your donor gave you an in-kind gift that you thought had nominal value, but when it was appraised, it was worth a lot more? This kind of pleasant surprise is not uncommon for charities that accept in-kind gifts of oil and gas interests. Non-profit endowments benefit when they accept more than just cash gifts.
Just Say Yes (to Gifts of Real Estate)!
Did you hear about the $20 million dollar gift that went elsewhere? All it took was one misguided sentence: “We don’t accept those things, ma’am.” Don’t let fear of complicated gifts prevent your non-profit from thriving. It’s time to put a plan in place to accept gifts of real estate, and so much more!