A gift of
real estate
to CBC is a
unique way
to provide
lasting
benefit to
the
center—while
also
providing a
convenient
way for you
to enjoy a
charitable
deduction
based on the
current fair
market value
of your
property and
to reduce
the size and
complexity
of your
estate.
You can
provide a
significant
gift to CBC
through a
gift of real
estate. It
is possible
to donate
all or a
percentage
of your
property.
Not only can
real estate
be used to
make
outright
gifts, it
can also be
used
creatively
to make
future gifts
to CBC.
For example,
a “retained
life estate”
gift allows
you to make
a future
gift of your
home (or a
portion of
your home)
to CBC while
retaining
the right to
live in it
for the rest
of your
lifetime
along with
the right to
any income
earned from
the
property.
You can also
make a gift
of a
vacation
home or
condominium
and retain
the right to
part-time
use.
You can take
a
substantial
charitable
tax
deduction
now for the
future gift
of your
home, and,
in this
way,
increase
your current
disposable
income. The
property is
also removed
from your
estate,
potentially
saving on
estate
taxes. Your
property
simply needs
to be
mortgage-free.
You also
continue to
take care of
maintenance
and property
taxes.
Real estate
can also be
used to fund
a charitable
remainder
trust, which
would
provide you
income for
the rest of
your life.
There are
many types
of real
estate
suitable for
a gift to
CBC:
-
personal
residence
-
vacation
property
-
commercial
property
-
undeveloped
land
-
building
lot
-
farm or
ranch
Contact the
CBC office
for more
information
on planned
gifts of
real estate.
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