Gifts of Real Estate and Land

Real estate held for more than a year – whether it’s a family home, vacation condominium, commercial building, or undeveloped land – is often the most valuable asset someone has.

However, this can all come at a price when selling due to taxes from appreciation. Donating it to charity, as opposed to selling it, can eliminate the capital gains tax and may entitle you to an immediate fair market value charitable deduction, among other benefits.

Benefits

  • Avoid capital gains tax on the appreciation of your real estate
  • Maximize the value and impact of your donation for our mission
  • Receive an income tax deduction for the fair market value
  • Bonus: You can even donate property to fund a charitable gift annuity or charitable remainder trust for lifetime income!

Also Consider:

Retained Life Estate 

Creating a retained life estate allows you to deed your property to charity and reserve the right to live in or use the property for a term of years or life.

  • Make a significant gift to our mission without changing your living arrangements or cash flow
  • Live rent-free, only being responsible for taxes, insurance, and upkeep
  • Receive an immediate income tax deduction and remove a large assets from your taxable estate
  • Major improvements made to the home may qualify for charitable tax deductions
  • At your death, the Association directly gains ownership of the property
What’s Next?
Contact us to discuss this opportunity, your potential benefits, and the mission impact.

The information presented here is for educational purposes only. Always consult a legal or tax advisor to determine what is best for you.

Print Friendly and PDF