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Americans for Independent Living specializes in accepting and processing Real Estate Donations from direct donors, and we also facilitate Real Estate Donations for other charities that do not have the expertise or ability to process such transactions.
There are many benefits to donating your appreciated, non-performing or under-performing property. We accept primary residence, vacation homes, investment properties, commercial properties, farm land, un-developed land, and even real estate notes.
FINANCIAL FREEDOM – EMOTIONAL SECURITY – PEACE OF MIND
Consider alternative ways to achieve your philanthropic desires. Now your desire to leave a legacy can be realized. You can even shape the gift to provide for your specific financial needs.
HELP MULTIPLE PEOPLE WITH ONE GOOD DEED
- Donate real estate to receive tax benefits
- Receive lifetime income
- Lift burden of property management
You can receive money, stay in your home and have relief from property management. Even with a real estate donation, you can create a lifetime income stream back to you.
A charitable real estate gift is the tool you can use to quickly and easily draw money out of your property.
THINK OF YOUR PROPERTY AS A FUNDING TOOL FILLED WITH MONEY TO HELP OTHERS IN NEED
Have your property work for you.
- A sense of personal fulfillment.
- Provide financial peace of mind.
- Paying for an income stream.
- Recognition of your legacy while alive.
What are the benefits of real estate donation?
You may be able to receive an income tax deduction equal to all or a portion of the appraised fair market value of the property. Capital gains tax can be reduced or eliminated (depending on gift format). A large asset is removed from your real estate and property maintenance “headaches” along with the ongoing expenses are forever discarded.
What are the different types of real estate gifting arrangements that are commonly available?
The 5 strategies that can be employed are:
Straight donation – Bargain Sale – Charitable Gift Annuity – Retained life Estate and Charitable Remainder trust
Making a straight gift is the least complicated method. The donor receives the full-appraised value of property as a charitable deduction and the disposal date is entirely up to donor.
In a bargain sale transaction the donor receives part of his equity in cash. The balance of the appraised equity becomes a deductible donation. Debt encumbered property us also treated as a bargain sale.
A retained life estate is used when the donor wished to make a present gift of the real estate and wishes to use the property during their lifetime. Although fundamentally different, a charitable gift annuity and a charitable remainder trust can be used when the donor wishes to create a lifetime income stream (there are many iterations of the charitable remainder trust scenario).
Are real estate assets a practical gift for a charity to consider?
While planned giving officers have more experience with liquid assets like cash, stocks and bonds, more charities are accepting real estate gifts. The capital wealth in the United States is comprised of real estate (43%), Stocks (23%), Bonds (20%) and cash (14%). While the percentages may vary from time to time, this capital asset picture is certainly reflective of these markets.
