While working with donors on a potential gift of real estate, part of the fun is helping them realize the numerous gifting variations available.
In a word, gifting real estate offers the donor a great deal of flexibility.
Reasons there may be a consideration of a gift of real property: owner is getting older and is tired of the hassles of ownership, they have a second home they seldom use and the children don't want it.
Once again, timing is everything.
Our heartiest recommendation: do it right and get your organization's gift planning advisors involved early in the discussion. Do not avoid starting up a conversation with a donor--in this instance, you have an opportunity to make a donor very happy with significant tax savings.
In making and accepting the gift, the inventory must be physically accepted and the title transferred on the same day.
Typically, your organization will want to sell the commodity on that very same day.
Without question, the most common non-cash asset that your organization will receive is a publicly traded
During conversation with donors about how to make a gift that's tax-advantaged and helps them accomplish life objectives, there are two areas that contribute heavily to your credibility:
From a gift-planning point of view, there are a couple possible solutions for a sole proprietor who wants to end their business and make a gift of their business assets. Let's take a closer look at what's involved in receiving a gift of those asset types.