REAL ESTATEREAL ESTATE

You can make outright gifts of real estate to the Foundation. If you've owned it more than one year, both you and the Foundation can avoid paying capital gains taxes on the appreciation in value.
  • The charitable deduction is equal to the fair market value of the property. A qualified appraisal is required.
  • If the charitable deduction exceeds 30% of your adjusted gross income, you can carry the excess forward for up to five years.
  • You can also give real estate via a bequest in your will or living trust.

One Donor's Gift

The Donor

A retired pastor inherited his mother’s home in Florida. He wanted to be relieved of landlord responsibilities and of selling the home. At the same time, he had specific charities that he wanted to benefit.

His Gift

  • He transferred the title of the home to the Foundation and received a charitable deduction of $100,000, the appraised fair market value.
  • The Foundation sold the home and the resulting proceeds were used to create a fund in the pastor’s name.
The fund now provides annual grants for upkeep of historical church property, the church where he’s currently the minister and the church where he first served as pastor.