Gifts of Real Estate

Give Real Estate to the Broward Health Foundation

A gift of real estate to the Broward Health Foundation provides you with a charitable deduction for the full fair market value of the gift, up to thirty percent (30%) of your adjusted gross income—if you have held it for more than one (1) year. Any deduction you are unable to use in the first year can be carried over onto subsequent tax returns for up to five (5) additional years. You are not subject to capital gains tax on the appreciated value of the property.

With gifts like artwork and library collections, you will need to have your gift appraised by an independent appraiser to determine the value of your deduction. Gifts of mortgaged real estate may not be appropriate for donation. Please consult with us to make sure your real estate can be accepted by the Broward Health Foundation.

You may give your home or property to the Broward Health Foundation in the form of a life estate gift, and you or anyone you designate may have continuous, uninterrupted use of the property for his or her lifetime. Because you transfer ownership of the property to the Broward Health Foundation, you receive an immediate charitable income tax deduction up to thirty percent (30%) of your adjusted gross income. You may carry over for up to five (5) years any deduction you were unable to use in the year you make the gift. The amount of your deduction is based on the value of the Broward Health Foundation’s future interest in the property. Although you benefit from the charitable deduction, in most cases you continue to be responsible for maintenance and property taxes. As with any gift, removing this property from your estate can also lower your estate taxes and probate costs.

Planned Gifts | Gifts of Bequests | Gifts of Life Income | Gifts of Life Insurance | "Why I Give"

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