You're considering a gift made during your lifetime > You hold marketable real estate > You want to save both income tax and capital gains tax
The Foundation is happy to consider gifts of residential, commercial and undeveloped real estate. As with donations of other types of appreciated property, gifts of real estate secure a charitable income tax deduction for you, based on the fair market value of the property, with no capital gains liability for the transfer to us.
You can deliver real estate to the Foundation
in several ways:
Through an outright donation to an endowment
fund or donor advised fund;
Through the donation of a fractional interest
in the property to an endowment fund or donor advised fund;
As the basis for a gift plan that will pay
you income, like a unitrust.
By giving us your home and reserving the right
to continue living there for your lifetime (a retained
life estate);
When you are considering a gift of real estate, keep two considerations in mind:
First, we will gratefully review your gift offer and evaluate the condition and marketability of the proposed real estate, reserving the final say on acceptance.
Second, the IRS requires donors of real estate to secure an independent appraisal to establish the fair market value of the property. We can assist you in following the IRS procedures for this appraisal.
Email us, complete the
personal illustration form, or call
us at 502-489-3533 so that we can assist you through every step
of the process.
