Is It Time For You to Consider a Gift of Real Estate?
Making a gift of real estate is an excellent way to gain considerable tax advantages while providing for the future of Braille Institute.
Your gift of real estate may be given during your lifetime or as a bequest. Perhaps the most common and easiest way to give real estate to Braille Institute is through a bequest in your will or trust. This method allows you to leave a substantial legacy even if you can’t make a large gift during your lifetime.
Another way to donate is through a simple current gift. You may transfer title to Braille Institute now and take the full appraised value of the property as a tax deduction, eliminating brokerage fees and, of course, capital gains taxes.
There are also gift options that help you diversify your assets and establish an income stream that will last for your lifetime. These include gifting property to fund a Charitable Gift Annuity or a Charitable Remainder Trust.
Through the years, Braille Institute has been the beneficiary of first homes, vacation homes, condos, second homes, small apartment buildings, commercial buildings and vacant land.
Some Potential Benefits Of Donating Real Estate
- You can attain a level of giving you never thought possible—and immediately benefit blind and visually impaired people.
- You can diversify your assets and establish an income stream for your lifetime.
- You may retain the right to the continued use of the property for the rest of your life.
- You will receive the maximum tax deduction allowed by law.
- You can avoid capital gains tax on highly appreciated properties.
- You can avoid the expense and inconvenience of marketing the property.
- You can eliminate your legal and tax liabilities on the property you donate.
Braille Institute provides exceptional expertise and experience in gifts of real estate. Because of tax and other implications, we recommend that you consult with an accountant or attorney when considering any type of real estate donation.
For more information or to receive a free copy of our booklet, Planning Opportunities with Real Estate, please contact our Department of Philanthropy.
The information discussed here is not intended as legal or tax advice. A prospective donor should seek the advice of a qualified estate and/or tax professional to determine the consequences of his or her gift.
For more information on the many types of planned gifts available, please visit our Planned Giving page.
Or, please contact us with your questions or to set up a free, no obligation meeting with one of our planned giving professionals at:
Department of Philanthropy
Braille Institute of America, Inc.
741 North Vermont Avenue
Los Angeles, California 90029
Phone: 1-800-BRAILLE (272-4553), Ext. 1256
Fax: (323) 663-1428
Office hours: 8:30 a.m. to 5:00 p.m. (PST), Monday through Friday
What to Give
Beyond the immediate donation there are many ways to show your support of Braille Institute’s mission.
A visual and narrative report about Braille Institute’s good works and financial highlights.