Types of Donations

Realty Gift Fund accepts gifts of all types of real estate of any type, from anywhere, excluding timeshares. All gifts must be readily marketable.

Under an outright gift, the value of the property is established by a “qualified appraisal” and the donor will receive donation documents from RGF when the deed is transferred upon closing. These documents, including the qualified appraisal, establish the donor’s tax deduction, in accordance with IRS regulations.

A free and clear mountain cabin, beach home, second home, farm, or any commercial property make easy gifts for both parties.

RGF will make any improvements deemed necessary then resell the property. The excess cash from the sale will be directed as grants to other charitable organizations.

A donor may request a partial payment and donate the balance of the property’s fair market value, which is established by a current qualified appraisal. A payment for less than the fair market value is referred to as a Bargain Sale.

Debt encumbered property, residential or commercial, is an example of transactions typically transferred under a Bargain Sale. A cash payment from Realty Gift Fund allows the donor to extinguish the debt before transfer, and to use any residual cash for personal needs.

At closing, RGF will make a partial payment to the donor and provide donation documents expressing the full fair market value. These donation documents, including the qualified appraisal, indicate the difference between the fair market value and the cash payment received, and establish the donor’s tax deduction in accordance with IRS regulations.

After transfer, RGF will make any improvements deemed necessary then resell the property.

The excess cash from the sale, after recovering the cash payment, will be directed through gifts or grants to other charitable organizations.

Individuals and corporations alike may own property that are environmentally contaminated and may also have charitable giving strategies. RGF provides the link between the environmental solution and the donor’s philanthropic goal, and can accept gifts of contaminated properties.

After careful review, RGF and the donor will arrive at a remediation agreement outlining the costs to achieve a release from regulatory agencies of the impaired condition, relieving the donor and all parties from further environmental liability when the remediation is completed and accepted by the regulatory agencies.

In some cases, the donor funds the cost of the remediation. Therefore, at closing, the donor will deed the property and pay the remediation costs to RGF who will undertake the agreed remediation program. The fair market value of the property and the donated cash comprise the donor’s full charitable gift for tax purposes.

After transfer, RGF will manage the remediation to conclusion then resell the property.

The excess cash from the sale will be directed through gifts or grants to other charitable organizations.