Give Real Property Through Kern Real Estate Foundation
Kern Real Estate Foundation (“KREF”) was established in 2012 as a supporting organization of Kern Community Foundation. The purpose of the Real Estate Foundation is to facilitate the sale of donated real estate in order to pass the net proceeds of the sale onto the donor’s fund to benefit the charitable causes they care about.
Charities are often reluctant to accept land and real estate because there are many legal complexities and risks involved. Kern Real Estate Foundation is exclusively dedicated to simplifying and facilitating charitable gifts of real estate. The Real Estate Foundation Board of Directors consists of experts in the real estate field, understanding how to move through the complicated maze of donating real estate.
How It Works
The first step is to discuss the specifics of your potential gift with us. We can help you and your advisors evaluate the timing of the gift and the type of giving vehicle that will help you meet your philanthropic and financial goals.
Next, submit a Real Property Inquiry Form along with an independent qualified appraisal of your property.
KREF will conduct a site inspection, order a preliminary title search and may require an environmental review and broker analysis.
KREF will then determine whether it can accept your property. If approved, KREF will prepare a gift agreement that you will use to transfer the title of the property to KREF.
KREF will then actively market the property, carefully manage it during the sale process and seek the highest possible price. Once your property is sold, you can begin enjoying the many rewards of your charitable gift.
To learn more about donating real estate, contact our Donor Services at 661.616.2617 or firstname.lastname@example.org.