Donate Your Inherited Home To Charity
Give Back To Your Community Through Real Estate Donation.
The Kindest Gift
As an heir, do you find yourself in possession of a residential property that you don't need? Do you want to avoid the challenges of selling or renting? When settling an estate, you may want to consider the option of donation.
We handle all of the arrangements and ensure that you receive the best value for your property while guaranteeing that the charity of your choice accepts your donation.
Be Tax Smart
No Capital Gains
When you donate real estate to a 50(c)(3) public charity, you will not pay capital gains, which can mean that your contribution could be 20% higher!
This example assumes that the original purchase price was $400,000, and all realized gains are subject to the maximum federal long-term capital gains tax rate of 20% and the Medicare surtax of 3.8%, and that the donor initially planned to sell the property and contribute the net proceeds (less the capital gains tax and Medicare surtax) to charity.
The property included in this example is not considered a personal residence for tax purposes, assumes no unrelated business taxable income (UBTI) and a top ordinary income tax rate of 37% for valuing charitable deduction. The fair market value is as determined by a qualified independent appraisal.
