Real Estate Gift Programs
Why Donate Real Estate
People donate property as a significant way to show their appreciation and support for an organization, but they also know they will receive attractive personal, financial and tax benefits. Depending on the nature of the gift and on their needs and objectives, donors can potentially:
- Avoid capital gains taxes due on the sale of property
- Reduce their income taxes
- Reduce their estate taxes
- Receive an annual income
- Donate their home, and continue to live in it for life
- Make a piece of property the basis of a trust that provides income
- Eliminate the burden of maintaining and paying for property
- Avoid real estate transfer taxes
- Create a significant legacy
There are many ways to gift real estate to a nonprofit organization or educational institution. Five popular ways to donate real estate, along with their corresponding benefits, are outlined in Ways to Donate.
