|
APPRAISAL
|
100%
|
700,000
|
|
|
DONATION
|
75%
|
525,000
|
Not Taxable + Tax Deduction
|
|
CASH PAYMENT (Debt Payoff/Other Uses)
|
25%
|
175,000
|
Taxable (on prorated basis)
|
|
DUE DILIGENCE
|
|
500
|
|
|
COMMISSIONS, CLOSING COSTS & PRORATIONS
|
|
2,000
|
|
|
HOLDING COSTS
|
|
1,500
|
|
|
REPAIRS
|
|
1,000
|
|
|
OTHER COSTS
|
|
-
|
|
|
DONATION COSTS
|
|
180,000
|
|
|
|
|
|
|
SALE
|
100%
|
700,000
|
|
|
RETURN OF DONATION COSTS
|
|
180,000
|
|
|
COMMISSIONS, CLOSING COSTS & PRORATIONS
|
|
48,000
|
|
|
COST OF FUNDS
|
|
2,000
|
|
|
NET PROCEEDS
|
|
470,000
|
Funds to Nonprofits
|
|
|
|
|
|
REALTY GIFT FUND
|
|
35,000
|
7.4%
|
|
GRANTS TO OTHER NONPROFITS
|
|
435,000
|
92.6%
|
|
NET GIFT
|
|
470,000
|
100%
|
