We are happy to consider gifts of residential, commercial, and undeveloped real estate. As with donations of other types of appreciated property, gifts of real estate secure a charitable income tax deduction for you, based on the fair market value of the property, with no capital gains liability for the transfer to the JFS Foundation. 
 

You can donate real estate to the JFS Foundation in several ways:

• As an outright donation;

• As the donation of a fractional interest in the property;

• As the asset to fund a gift plan that will pay you income, such as a charitable unitrust.

 

When you are considering a gift of real estate, keep two considerations in mind:

• We will gratefully review your offer and evaluate the condition and marketability of the proposed real estate to determine that the donation is risk free and appropriate for all parties.

• The IRS requires donors of real estate to secure an independent appraisal to establish the fair market value of the property. We can assist you in following the IRS procedures for this appraisal.

 

A gift of real estate or personal property is for you if:

• You hold readily marketable residential, commercial, or undeveloped real estate that has risen in value that you no longer wish to maintain or you hold artwork, antiques, or other personal property that you no longer wish to maintain.

• You are concerned about rising real estate taxes and the capital gains cost of selling the property.

• You have vacation property no longer needed by any family member.

• The property is useful to the JFS Foundation's mission or can be sold easily.

• You want to avoid capital gains tax on the transfer of these assets.