Gifts of Real Estate
Donating appreciated real estate, such as a home, vacation property, undeveloped land, farmland, ranch or commercial property can make a great gift to Answers in Genesis.
Benefits of Gifts of Real Estate
- Avoid paying capital gains tax on the sale of the real estate held for more than a year.
- Receive a charitable income tax deduction based on the value of the gift.
- Leave a lasting legacy to Answers in Genesis.
How to Make a Gift of Real Estate
Your real property may be given to Answers in Genesis by executing or signing a deed transferring ownership. You may deed part or all of your real property to Answers in Genesis. Your gift will generally be based on the property's fair market value, which must be established by an independent appraisal.
If you have any questions about gifts of real estate or would like to make such a gift, please contact us. We would be happy to assist you and answer any questions that you have.
All gifts to Answers in Genesis, a 501(c)(3) non-profit organization, are tax deductible to the fullest extent allowed by law. Gifts given to a specific program will be used for that program unless we receive more contributions than can wisely be used for that program.