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Real Estate

Appreciated real estate—such as a home, vacation property, undeveloped land, farmland, ranch, or commercial property—can make a great gift to Purdue.

How you benefit

  • You avoid paying capital gains tax on the sale of the real estate
  • You receive a charitable income tax deduction based on the value of the gift

How it works

Your real property may be given to Purdue by signing a deed transferring ownership. You may deed all or part of your real property to Purdue. Your gift amount will generally be based on the property’s fair market value, which must be established by an independent appraisal.


Contact Marcus Knotts at

Additional information

Please contact us if the property you wish to give has existing debt or a mortgage. Indebtedness can affect your charitable tax deduction. We have adopted gift acceptance policies to limit the acceptance of certain types of real estate, and we encourage you to please check with us before making a gift of real estate. If you are interested in life income options or would like information on the capital gains tax implications of your gift, please contact us.

Patsy J. Mellott

BS College of Health and Human Sciences, 1969
Fishers, IN

Patsy earned a bachelor’s degree in food and nutrition in business from Purdue in 1969, in addition to an MBA in food marketing from Michigan State University in 1970. She retired from Kraft Foods in 2006 after 36 years in corporate food marketing and marketing communications management.

A community volunteer, Patsy serves on the Women’s Fund of Central Indiana Advisory Board and the Purdue College of Health and Human Sciences Dean’s Leadership Council, in addition to the President’s Council Advisory Board. She is a former member of the Health and Human Sciences Alumni Board. Patsy held several offices from 2006 through 2013, including president and treasurer. She serves her community’s Discover Indianapolis Club in Fishers, holding several leadership roles for over 10 years.

Patsy has received several honors, including the Purdue University Nutrition Science Department Hall of Fame recipient in 2009 and the Purdue University College of Health and Human Sciences Distinguished Alumni Award in 2016. She also received the college’s Gold and Black Award in 2016, an honor reserved for donors who have moved the college forward by committing exceptional financial resources.

In addition to endowing two scholarships, the Patsy J. Mellott Scholarship and Patsy J. Mellott HHS Scholarship, she established the Patsy J. Mellott Teaching Innovation Award in the College of Health and Human Sciences in 2013. In 2015, she endowed the Patsy J. Mellott Women’s Tennis Coach Performance Award. She is a lead donor in the Christine M. Ladisch Faculty Leadership Award and the Purdue Women’s Network Virginia C. Meredith Scholarship for the College of Health and Human Sciences.