Receive a deduction for the appraised market value and avoid paying tax on your capital gain.
A home... a cottage... business property... undeveloped land. If you have real estate assets that you would like to use for a charitable gift, the Community Foundation can help. We can accept the gift outright, or show you how a charitable trust can be used to convert your asset into a gift that also produces an income.
Because each gift of real estate is unique, a Community Foundation staff member would be happy to meet with you to discuss the logistics of making such a gift.
Key benefits to remember:
- Charitable deduction for the fair market value, not the cost basis (original investment)
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Avoid capital gains tax
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- No minimum required
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Substantial tax savings
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Reduce the size of your estate
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