Real Estate (Outright)
© Harold E. Malde
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The Retirement Resource Organization welcomes gifts of real property including vacation homes, farms and commercial buildings. We call these gifts "Trade Lands" because after you donate your property, we sell it and use the proceeds to help fund efforts to protect and preserve natural areas. These gifts can provide you with significant tax and financial advantages. If you are interested in donating
"special use" land you wish to see utilized in a specified manner, please contact your local
Retirement Resource Organization office for more information.
Benefits / Gift Requirements
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Immediate Tax Savings - Avoid the capital gain taxes you would have paid had you sold the property. Plus, you can take an income tax charitable deduction for the property's full fair market value when making an outright gift.
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Future Tax Savings - The property will be removed from your estate.
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Eliminate Management Hassles - By donating the property you will no longer need to maintain it, market it or handle the sale.
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Generate Income - By funding a charitable remainder unitrust with real estate, you and/or others could receive income for life or a term of years.
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Leave a Legacy - Your gift will ensure
retirees and caregivers will be provided for in future generations.
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Minimum Dollar Amount: $50,000 (outright); $100,000 to fund a charitable remainder unitrust or donor advised fund.
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Examples of Real Estate We Accept: single-family homes, apartment buildings, commercial property, farms, undeveloped land and vacant lots. (The property must be debt free and readily marketable.)
How It Works
Bill no longer had a need for his second home that had appreciated in value over the years. He donated it as a "Trade Land" to the
Organization. When we sold the home, it provided vitally needed funds to provide
material and financial assist to retirees and caregivers around the state. Bill received an immediate income tax charitable deduction (equal to the market value of the property) and greatly appreciated the tax savings.
Contact Us
Would you like more information on gifts of real estate or other gifts of appreciated assets? Please contact us, e-mail legacy@retirement-resource.org or call us toll-free at (877)
855-3718.
Information provided on our Internet site is not intended to be tax or legal advice. Please consult a qualified legal or financial advisor before making a gift.
| The Retirement Resource Organization, Inc. is a tax-exempt charitable organization under Section 501(c)(3) of the Internal Revenue Code.
Donations are tax-deductible. | |
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