Donating your unwanted real estate to an organization or charity like Giving Center, is a grand gesture. Not every charity wants your real estate, so be sure to check with them before putting provisions in place if this is to occur after your death. While you are alive, feel free to contact Giving Center and make your desire known. Giving Center will work with you on a plan and help complete the paperwork needed to donate real estate.
Thinking of selling your real estate and then donating the proceeds to charity? Before you sell residential real estate, industrial real estate, or any other types of real estate, consider making a donation or real estate directly charity. There are some major benefits of donating your real estate directly to charity:
- You will receive an income tax deduction for the fair market value of the property.
- A greater gift to charity — charities do not pay capital gains taxes, which means the full value of your gift goes directly to causes you care about.
- Your donation goes towards helping the community and families in need.
Giving Center is an IRS accredited 501(c)3 nonprofit charity. You are able to donate various types of real estate and avoid capital gains exposure because you are gifting — not selling — the property.
Your real estate can be worth more as a tax deduction. To find out more about donating real estate to charity, fill out the donor contact form online and a representative will reach out to you.
No more waiting, end your obligations now.You can receive a tax deduction based on the value of your property while making a difference in the community.