Benefits of Donating Real Estate
Real estate represents the largest asset class in the United States, yet only 3 percent of total charitable giving comes from such gifts. Real estate is often overlooked as a powerful charitable giving asset due to its size, sophistication and complexity.
However, donating appreciated land or real estate, such as a home, vacation property, undeveloped land, farmland, ranch or commercial property, to a 501(c)3 public charity or donor-advised fund can provide significant benefits, such as:
Avoid paying capital gains tax on the sale of the real estate
Receive a charitable income tax deduction based on fair market value
Increase your income for retirement with a charitable gift annuity or charitable remainder trust
Complement the unique advantages of your private foundation
Make a greater philanthropic impact
Leave a lasting legacy for you and your family