Gifts of Real Property
Laying the Groundwork for Philanthropic Impact
Did you know that real property, whether land, office buildings, houses, vacation homes or apartments, can be gifted to Foundation For The Carolinas and the proceeds can be donated to a nonprofit of your choice? Giving the gift of real estate can be a great way to support the causes you care about most.
When you donate your real property to Community Real Property Holdings, Inc.,a subsidiary of Foundation For The Carolinas, the liquidated proceeds will be transferred into a new or established charitable gift fund at Foundation For The Carolinas. Then, the funds can be donated to any qualified charitable cause or organization of your choice.
Significant Tax Advantages
By making your gift of real estate prior to sale, you can reduce or eliminate costly capital gains tax, creating more charitable impact from your gift. By giving now, you can also remove these valuable assets from your estate, reducing potential tax liability.
Easy Gift Process
We work in partnership with you, your family and your advisors to maximize the sale of your donated property. We will handle every step of the administration and management of the gift.
Giving real property is easy and tax efficient:
1. Make the Gift
- Due diligence process & gift acceptance
- Income tax deduction maximized
2. Gift Held & Liquidated
- Capital gains avoided or reduced
- FFTC team works to maximize sale of donated property
3. Achieve Philanthropic Goals
- Proceeds from liquidation transferred to gift fund at FFTC
- Grants distributed by the donor to any nonprofit in the U.S.
For more information, contact the Philanthropic Advancement team at 704.973.4500. Click here to download a printable version of this information.