Many people donate regularly to charities.  Giving provides a great sense of personal satisfaction and can generate significant tax benefits through non-refundable charitable tax credits or for business tax deductions.

Suppose you’ve been considering giving a charitable gift but haven’t found it practical to do so.  What about considering a gift of real estate?  Why do this?  A present or future gift offers you the opportunity for valuable tax and estate tax savings.  You can also free yourself of immediate and future management and selling issues.

With real estate values skyrocketing over the past few years, many investors are discovering that a large portion of their net worth is tied up in land and property holdings that are not easily convertible into cash.  One strategy for philanthropically inclined individuals who seek to reduce tax efficiently is to donate highly appreciated property to charity.

Gifts of real estate can include a gift of a principle residence, rental commercial property, rental residential property, recreational property, vacant land for development and agricultural property.

Gifts of Real Estate Work if You:

• Are committed to affordable housing but no longer want or are able to manage your existing rental property
• Need charitable tax credits to offset capital gains and income taxes
• Want to dispose of an investment property, home or vacation property and want to leave a legacy to your community
• Want to streamline your portfolio by donating property that no longer meets your needs
• Would like to make a charitable gift while retaining your cash and liquid assets
• Want to benefit now from charitable tax benefit by bequeathing your home or property as part of your estate
• Want to leave a significant legacy, knowing it will be well managed and will benefit your community for decades to come

To assist you with exploring the potential opportunity of making a gift of real estate and to assist you in defining, establishing and protecting your legacy to the community, follow our link to our Guide to Making Charitable Gifts of Real Estate or Contact Us.