Learn this stuff well. Fundraisers who really understand gifts of real estate are in the top of their careers. Real estate constitutes about 50% of this nation’s wealth. And Gifts of Real Estate are an integral giving vehicle many charities avoid or are scared to take.
Gifts of Real Estate are very well covered in The Planned Giving Bible™. You can also assess whether your board is ready for such type of gifts. Time to educate them!
Donating appreciated real estate to charity — or accepting real estate if you’re a charity — is one of those things that’s tricky to generalize about but critical to understand. That’s why you need professionals like Chase Magnuson and Dennis Haber to help facilitate the gift. A first step would be to get their book: Real Estate Donations: 47 Critical Questions.
C) To determine the gift deduction
D) Both “b” and “c”
D) Both “b” and “c”
B) 30%
A) 10%
D) All of the above
C) 501 (c) 3
D) All of the above
A) True
A) True
A) True
C) Donor
B) False
A) True
A) True
B) False
D) 1,600,000
These real estate donations qualify for a charitable gift deduction: | ||
17) Farms/ranches | T | |
18) Condo in Rome or Paris | T | |
19) Medical building housing doctor’s practice | T | |
20) A lot in Florida | T | |
21) Cabin in Pennsylvania | T | |
22) A 17% ownership interest in apartment complex? | T | |
C) Six years
D) All of the above
E) All of the above Get the book here!
Table of Contents/Sample Q&A A must-have reference guide for all gift planners.
This is a super expanded version of our famous Pocket Guide on the right.The valuable above information is thanks to Chase Magnuson and Dennis Haber, who bring over 40 years of experience in corporate consulting and commercial investment real estate.
Chase is President of Real Estate for Charities. He holds the elite Certified Commercial Investment Member (CCIM) designation, an attainment only four percent of all commercial real estate practitioners can claim. He has won several national awards for real estate transactions and has been cited as an authority on charitable real estate giving in articles for Forbes, The Wall Street Journal, and The New York Times. Chase has established alliances and strategies throughout his career for charities to act as facilitators to handle gifts of real estate that can be beneficial to both the donors, whether individual or corporate, and the recipients.
“Dennis Haber and Chase Magnuson have done a huge favor for donors and non-profit organizations by writing The Secret Power Behind Real Estate Donations.”
Morgan C. Dodd
Director of Gift Planning
National Parks Conservation Association
2103 Bayshore Boulevard
Unit 1501
Tampa, FL 33606
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