Susan G. Komen

7 Ways to Donate Real Estate

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gift today. If this sounds like you, you may want to consider a charitable giving arrangement called a retained life estate. With a retained life estate, you deed a personal residence or farm to us now. You retain the right to occupy the home for life and continue to pay real estate taxes, maintenance fees and insurance on the property. In addition, you can later decide to rent your home or make improvements to it. After your lifetime—and the lifetime of your spouse or another person you choose to retain rights to live in the home—we take possession of the property. 4 ] Create a Charitable Gift Annuity With Property If you are tired of the hassles of maintaining your property or have non-income producing property, consider donating it to us in exchange for a charitable gift annuity. A gift annuity involves a simple contract between you and Susan G. Komen where you agree to make a gift and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life. In addition to providing a gift to us and receiving fixed payments for life, you also receive these benefits: • Your initial gift is partially income tax–deductible. • Your charitable gift annuity payments are partially income tax–free throughout your estimated life expectancy. • Your payments are not affected by ups and downs in the economy. • The gift annuity can be for one or two people, so your spouse or another loved one can also receive payments for life. • If you use appreciated real estate to make a gift, you can usually eliminate capital gains tax on a portion of the gift and spread the rest of the gain over your life expectancy. If you are thinking about funding a charitable gift annuity, a gift of unmortgaged property to fund a deferred gift annuity is preferable and generates the greatest tax benefit. Why Donate Real Estate? Depending on the method you choose, a gift of real estate to Susan G. Komen may allow you to: • Receive a charitable income tax deduction. • Reduce or eliminate capital gains tax. • Eliminate gift tax on the transfer. • Reduce the size of your taxable estate. • Relieve the responsibilities and costs of upkeep.

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