Whatever its form, real
estate creates for its owner what is perhaps the most
common tax favored investment. Due to the deductibility
of interest on first and second home mortgages, real
estate continues to be an attractive investment for many
Americans. It can also make for a very real and
appealing charitable gift. If you wish to make
a large gift to the Surfrider Foundation, your home or
other real estate such as undeveloped land, office buildings,
apartment buildings, and farms, can offer unexpected
possibilities.
Many people do not consider real estate when they consider charitable gifts. However, gifts of real estate that you have owned for more than one year are deductible and with proper early planning and distribution arrangements you can minimize taxes and worries for your heirs. You may also be able to arrange supplemental income for retirement as part of your gift or even give your home to charity while continuing to live there.
Gifts of real estate are evaluated on a case by case
basis and take into consideration the location, marketability,
environmental concerns and other factors to determine
whether they are appropriate for both the donor and the
Surfrider Foundation. To learn more please contact
Steve Blank, Surfrider Foundation’s Director of
Development at 800-743-SURF x. 40 or info@surfrider.org
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