The Taos Property Foundation (formerly Taos Foundation for Property Gifts) is a 501(c)3 non profit “supporting” organization, formed exclusively to receiving, holding and administering gifts or real or personal property, for the benefit of, or to carry out the charitable purposes of Taos Community Foundation.

The Property Foundation is a separate 501(c)3 organization governed by a Board of Directors separate from Taos Community Foundation.

The Property Foundation was established in 2010, and was re-invigorated in 2018, when longtime resident Clark Funk passed away and left his home to Taos Community Foundation.

The sole purpose of the Property Foundation is to be able to accept property gifts, liquidate the asset, and convert the proceeds into charitable funds, held by TCF. It may seem redundant to have two parallel Foundations, but this separation allows for the monetary assets of Taos Community Foundation to be protected from certain risks and liabilities inherent in real estate transactions.

Gifts of property are handled on a case-by-case basis. A rigorous due diligence process is conducted to ensure the property is viable, will not drain resources, and has potential for resale. The acceptance decision is held by the TPF governing Board of Directors.