Gifts of Real Estate
Almost any type of real estate can help support Planned Parenthood of the Pacific Southwest, and there are several ways to use your property in a way that benefits both you and our organization. Whether it’s your home, an investment property, commercial real estate, or farmland, consider donating it to support a cause that matters to you.
Following are ways to make a gift of real property including land or other real estate:
Transfer your real estate outright
Transferring property is easier than selling, and you receive an income tax charitable deduction equal to the full appraised value of your real estate (and avoid any possible capital gains taxes).
Give your home today but remain living there for your life
A "retained life estate" allows you to continue living in your home for as long as you choose (for your lifetime or the lifetime of you and a spouse). This option offers an immediate charitable income tax deduction based on a portion of your home's value. A retained life estate can be set up with any property you use as a personal residence, including a second home, farm, or even a boat.
Make a gift through your estate
By including a gift of real estate in your estate plan, you can continue to use your property during your lifetime. Additionally, you have the flexibility to adjust your estate plans at any time if your circumstances or priorities change.
Give your real estate now and receive variable payments for life
With a "flip unitrust" gift arrangement, you can donate your real estate now and begin receiving payments once the property is sold. The payments you receive will be based on the value of the trust and are typically 5% to 6% of the trust’s value. You will also receive a significant income tax charitable deduction in the year of your gift. Additionally, there will be no immediate capital gains tax on the sale of your real estate.
Sell your real estate to us for less than its appraised value
When you sell your real estate to Planned Parenthood of the Pacific Southwest through a "bargain sale" arrangement, you will receive an immediate cash payment equal to the sale price, as well as an immediate income tax charitable deduction for the difference between the sale price and the appraised value of your property. Additionally, you may be able to avoid taxes on a portion of the capital gains from the property sale.
Give a portion of your real estate holding
Instead of donating your entire real estate holding, you can choose to give us an "undivided interest." For example, if you own 100 acres of land, you could donate 50 acres. You will receive an immediate income tax charitable deduction based on the value of the portion you contribute and retain control over the portion of your property that you choose to keep.
Other considerations
- You will need to establish the value of your property by obtaining a qualified appraisal.
- If the property you wish to give has existing debt or a mortgage, this can affect your charitable tax deduction.
- We conduct a review to ensure the property has no environmental issues before accepting the gift.
Contact Us
If you have any questions about leaving a bequest, please contact us.
