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Gifts of Real Estate
How It Works
- You deed your home, your vacation home, undeveloped property or a commercial building to the ACLU Foundation.
- The ACLU Foundation may use the property for its own purposes or may sell it and use the proceeds.
Benefits
- You receive an income tax deduction for the fair market value of the real estate at the time of the transfer.
- You pay no capital gains tax on the transfer.
- You can direct the proceeds from your gift to a specific program at the ACLU Foundation.
 Please contact us so that we can assist you through every step of the process.
 Questions and Answers
 How do I know if the property I’d like to donate is going to be helpful to your charity?
Here are some questions we will need to answer to determine if your property will be helpful to us:
- Is the property void of any liens?
- Are there any environmental concerns with the property?
- Can our charity actually use the property for our work?
- Is the property marketable and salable within a reasonable period of time?
- What are the costs associated with accepting and holding the property?
- Can we realize a positive net return on this property?
What are the tax benefits of donating real estate?
You will receive an income tax deduction equal to the appraised fair market value of the property. An independent qualified appraisal is required for this purpose and it is up to the donor to acquire such an appraisal. Donating your property may also reduce your estate costs and taxes as well.
Can I arrange for a life income stream for my gift of real estate?
In many cases the answer is yes. Real estate can be transferred to a charitable remainder unitrust which will provide the donor with tax reduction benefits as well as setting up an income stream for beneficiaries such as a spouse, children and/or other loved ones.
Questions? We're here to help. Email us or call toll-free 877-867-1025.
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