Gifts of Real Estate
A gift of real estate, whether it is a family home, undeveloped land, or a rental property, enables you to make a significant donation to The Animal Haven that will help us continue our work for years to come, and can provide you with certain tax benefits.
When you donate to The Animal Haven appreciated real estate that you have held longer than one year, you qualify for a federal income tax charitable deduction, which eliminates capital gains tax. (The size of the tax deduction is determined by the current market value of the property, as opposed to the cost of the property when it was purchased.) You can donate property that you no longer need directly to The Animal Haven during your lifetime or you can provide The Animal Haven with a gift of real estate upon your death by having your attorney add a few sentences to your will or trust agreement. When you donate property you no longer need during your lifetime, you reduce your expenses by saving on maintenance costs, property taxes and insurance, and you don’t have to worry about selling the property and paying brokers’ fees.