For some, donating a home is the ultimate in charitable giving, a single act that can enhance the lives of whole families and create ripples for generations yet unborn. If you are thinking about making such a significant donation, it is important to do it the right way. With such a big gift, making the most of the donation is a vital consideration, and there are many things to think about. There are a number of considerations when donating property to charity, from legal requirements to appraisals and tax implications. If you decide to donate your home or property to a registered charity, like Giving Center, you will want to hire a licensed appraiser to determine its fair market value. This is a critical step for tax reporting, and one that should not be skipped.
You will also want to ensure that the charity is reputable, and that the work they do is worthwhile. Not every charity is the same, and you want to do the greatest good possible with your donation. Giving Center has over 15 years of experience handling donations ranging from computers to large corporate real estate donations. They are an IRS Approved 501(c)3 nonprofit charity organization located in the United States, ready to help those across the country.
Are you tired of dealing with the hassle of selling your home? Have you recently inherited property you don’t care for? Do you have land that you thought you were going to build on, but never did? If any of these questions apply to you, consider donating your property to charity! Real Estate With Causes will take in your charitable donation and not only utilize it through the charity, but also provide our donors with a tax deduction. Take a minute to think about donating that troublesome real estate to Real Estate With Causes. Not only will a real estate donation keep you from having to continue paying property taxes, insurance, and upkeep, it can become a donation write off on your 2021 income taxes. Your property donation will go to a great cause and will help communities and families who have fallen on hard times, especially during the pandemic.
Are you thinking about trying to sell real estate?
Before you sell residential real estate, sell industrial real estate, or other any other types of property and then donate net proceeds to charity, consider donating property directly to charity. Three major benefits of donating your real estate directly to charity are:
- You will receive a 2021 income tax deduction for the fair market value of the property.
- A greater gift to charity — charities don’t pay capital gains taxes, that 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.
Real Estate With Causes is an IRS certified 501(c)3 nonprofit charity. You are able to donate commercial property, donate house, donate land, donate commercial property, and donate farm or donate ranch to Real Estate With Causes and not have any capital gains exposure because you are gifting — not selling — the property. We make the donation process incredibly easy!
Real Estate With Causes makes it easy to make a real estate donation through our knowledgeable volunteers. Your real estate can be worth more as a tax deduction. To find out more about Real Estate donation details, please feel free to contact us directly at 888-228-7320 or visit us online at any of the above links for more details.
You can end your real estate obligations now. No more waiting. Receive a valuable tax deduction based on the value of your property while making a difference in your local community. Everybody wins!
Interested in donating more than real estate? Contact http://www.givingcenter.org to find out what other items you can donate. Did you know you can: donate a boat, donate aircraft, donate a car, donate collectibles, donate computers, and more! Remember, your charitable donation can provide you with a tax deduction on top of the feel good spirit.