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Gifts of real estate can frequently save you thousands of dollars in income, estate, and capital gains taxes, while providing a substantial benefit to The Nature Conservancy.
We can accept gifts of residential, commercial or undeveloped real estate. You receive a charitable income tax deduction based on the fair market value of the property, with no capital gains liability on the transfer. You are freed from paying real estate taxes, liability insurance and maintenance costs on the property.
In some cases, The Nature Conservancy may use the property
for our purposes.* In most cases, we will sell it, and apply the proceeds to
the program you direct.
Some gift planning options:
- Your gift of real estate can return lifetime income to you, or continue
an income stream if you are donating commercial property. Learn more
about creative, flexible charitable
remainder unitrusts and fixed payment charitable
gift annuities.
- You can sell your property to us at a discounted value. Take your payment in a lump sum or as income from an installment note. Receive a deduction and reduce capital gains taxes, too. Learn the benefits of a charitable bargain sale.
- You can donate your home or vacation property to us but reserve the right to use it during your lifetime. You will receive an income tax deduction; you won't disturb your living arrangements. Learn more about retained
life estates.
- You can give us a portion of your ownership of a piece of property. Deed us an Undivided Fractional Interest in a building that you may sell, or land that you may develop, and we can share in the benefits with you.
Important considerations
- We must review and approve the transfer before the gift of real estate can be completed. Among other issues, we will consider the property's marketability and environmental status.
- You will have to secure an independent appraisal to establish the property's value for the charitable deduction.
- Transferring property that carries a mortgage or other debt can result in income tax liability. We can discuss this with you and your advisors as you are considering your gift.
* If you are interested in donating "preserve quality" land
you wish to see preserved in its natural state, please contact your local Nature
Conservancy office for more information.
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Contact Us
For more information please request a personal
gift proposal or
contact us so that we can assist you through every step of the process:
Email: legacy@tnc.org
Phone: (703) 841-8788
Toll-free: (877) 812-3698
Fax: (703) 812-4863
The Nature Conservancy
Gift Planning
4245 North Fairfax Drive
Suite 100
Arlington, Virginia 22203-1606 |
