Gifts of Real Estate: The Details

Make an extraordinary gift, transfer the burden and expense of managing the property, and remove a large asset from your taxable estate at the same time.

We are happy to consider gifts of residential, commercial and undeveloped real estate.

Gifts of real estate secure a charitable income tax deduction for you, based on the appraised fair market value of the property, and there is no capital gains liability for the transfer to Audubon.

You can donate real estate to the National Audubon Society in several ways:

• An outright donation;
• To fund a gift plan that will pay you income; e.g., a charitable unitrust;
• Or by donating your home, and while at the same time reserve the right to live there for your lifetime or for the lifetime of someone else such as a spouse or sibling (a retained life estate).

When you are considering a gift of real estate, keep two considerations in mind:

1. We will gratefully review your offer and evaluate the condition and marketability of the proposed real estate to determine that the donation is risk-free and appropriate for all parties.
2. 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.

Please contact us so that we can assist you through every step of the process.

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