 |
Gifts of Real Estate
The Crohn's & Colitis Foundation is happy to consider gifts of
residential, commercial and undeveloped real estate. As with donations of other
types of appreciated property, gifts of real estate secure a charitable income
tax deduction for you, based on the fair market value of the property, with
no capital gains liability for the transfer to us.
You can deliver real estate to the Crohn's & Colitis Foundation in
several ways:
- Through an outright donation;
- Through the donation of a fractional interest in the property;
- As the basis for a gift plan that will pay you income, like
a unitrust.
- By giving us your home and reserving the right to continue
living there for your lifetime (a retained life
estate);
- Through a part sale/part gift arrangement with us (a charitable
bargain sale).
When you are considering a gift of real estate, keep two
considerations in mind:
- First, we will gratefully review your gift offer and
evaluate the condition and marketability of the proposed real estate, reserving
the final say on acceptance.
- Second, the IRS requires donors of real estate to secure
an independent appraisal to establish the fair market value of the property.
We can assist you in following the IRS procedures for this appraisal.
For more information
Email us,
complete the personal illustration form, or
call us at (212) 685-3440 ext. 7448 so that we can assist you through every step
of the process.
|
|
