My father always told me growing up that real estate is the best investment. Even if your investment doesn’t pay off, at least you have something to show for it! I have found in my law practice, and working at NCF, that real estate donations are some of the best charitable gifts to maximize tax savings and increase dollars to ministry and non-profits.
There are several strategies that you can utilize when gifting real estate to charity. The first is the easiest; giving property before it sells. By gifting property to a charitable organization before it is sold, the donor will experience two tremendous tax benefits:
The next strategy is slightly more complex, but pays huge dividends! Donated income producing commercial real estate can be held long-term by National Christian Foundation. This can be anything from a commercial office building to a rental house or even farmland. By donating the real estate to be held long-term (i.e. no anticipated sale of the property) the donor will still take a fair market value income tax deduction at the time of donation (again 30% AGI limitations typically). In addition, the donor avoids capital gains at a sale. There are a few more unique benefits as well:
Real estate gifts are wonderful for both the donor and the charity. Check out the Heise’s story on how God increased the value of their real estate gift and multiplied their giving. What if you could help your clients do the same thing through NCF?
IN THIS WEBINAR YOU WILL LEARN:
|“We are put on this earth to give, to devote ourselves to a radical brand of generosity that changes lives and leaves a legacy.”
That memorable quote is from David Green, CEO and founder of Hobby Lobby. His book, Giving It All Away … And Getting It All Back Again: The Way of Living Generously, is rightly being hailed as the latest authority on legacy and generosity.
Listed among Forbes 100 richest in America, Green goes beyond explaining how to strategically pass on a legacy to future generations. He shares the secrets to building a successful company from scratch, honoring God with everything you have, and finding joy through giving. With a behind-the-scenes look at their 2014 Supreme Court case, Green shares how he found peace amidst hard times.