Donate A Home or Parcel of Land
Gifts of real estate include undeveloped land, residential, and commercial property. Habitat seeks land large enough to build at least a single-family home. A larger lot would possibly allow us to build multiple housing units, creating the ability to help more than one family per build.
- Real Estate Gift: By making a gift of real estate, the donation may provide you with tax-benefits while making a personal impact for local families.
- Outright Gift: Donor transfers the property for retention and use by Cedar Valley Habitat for Humanity or for immediate liquidation with proceeds directed according to donor intent.
- Bargain Sale: Donor sells the property to Cedar Valley Habitat for less than its appraised fair market value and receives a charitable deduction for the difference between the value of the property and the sale price.
- Life Income Gift: Donor transfers ownership of the property to fund a charitable remainder trust or charitable gift annuity.
- Bequest: Donor bequeaths the property to Cedar Valley Habitat in his or her will or revocable (living) trust. If a gift of real estate is encumbered by a mortgage or lien, Cedar Valley Habitat for Humanity will request the donor pay off the debt prior to making the donation.
With all charitable gifts, it is important to consult with your attorney or financial advisor to ensure you comply with state laws, receive maximum tax benefits, and that your wishes are accurately reflected in necessary legal documents.
For more information about making a donation of real estate, contact us.
