Donating real estate has been an option for property owners since 1917, and is considered a “smarter way” to give. There are many tax benefits for the donor, including avoiding capital gain tax, and receiving a tax deduction on their AGI, adjusted gross income.
The donor can give all the proceeds to one nonprofit, several nonprofits from one donation or even put the proceeds directly in a donor advised fund to grant out for many years or generations to come.
Donors can tailor the size of their donation, meaning receive partial cash payment for the real estate donation and/or retire debt on the property. This is called a Bargain Sale, and simply means that the property does not need to be lean free or 100% donated.
The EASY three-step process
Step 1: Submit a property evaluation
To find out if your property qualifies, fill out this form.
Step 2: Declare intent to donate
Our Specialized Real Estate Team will handle everything… For both the donor & their designated nonprofits.
Step 3: Pick your charities
You’re In Control! You designate how much to give to any cause(s) you want!
Donor benefits
Thanks to our collaboration with a Charitable Real Estate Specialist team, we can now say “YES” to donors like you who want to donate any type of real estate.
- No hassle: Get rid of a property that’s no longer needed or wanted, and fund your cause(s) with a simple three-step donation process!
- Reduce expenses: Stop paying property taxes and fees for a property you won’t use or that’s no longer a smart investment.
- Impressive tax savings:
- Pay NO capital gains tax on the donated amount of the property.
- Receive a tax deduction based on the appraised value of your property.
- Estate planning: Avoid the burden of inherited real estate. Donating property is an estate planning vehicle unlike any other.
- Eliminate the tax burden on those left behind.
- Determine HOW the proceeds will be distributed.
- Fund the cause(s) you love and leave a lasting legacy.
Have questions?
Contact our Real Estate Specialist, Christina Coleman at christina@icareatlanta.org.
Donate any type of real estate
From residential and commercial, to investment properties like multi-family, single units, you can donate it. The only type of property you can’t donate is a timeshare.
- Vacant land: Regardless of why or where you acquired the property, repurposing it for impressive tax benefits, to fund your cause(s), and even use some of the funds for a new investment, could be your best option!
- Inherited real estate: Real estate can often be more of a burden than a blessing when it comes to inheritance. Donating these properties can help avoid the taxes and other penalties associated with inherited real estate.
- Donate property from anywhere: We can benefit from real estate donated from anywhere. So long as you are a tax-paying U.S. citizen, you can donate real estate from just about anywhere in the world!