Gifts of Real Estate

Imagine avoiding the hassle of selling a piece of property, with no worry about getting a fair price and at the same time realizing valuable income and estate tax deductions. This can be your reality when you consider using real estate to make a charitable gift to Mason County Habitat for Humanity.

How It Works

You can donate your property outright, place it in a trust or give it through your will. All of these methods will enable you to enjoy personal financial benefits while supporting our work in a meaningful way. Following are details on the most straightforward way to make such a gift: direct donation of your property.

Benefits of Outright Gifts of Real Estate

In addition to freeing you from the costs and responsibilities of ownership, making an outright gift of property that you've owned for more than a year offers these benefits:

You obtain an income tax charitable deduction equal to the property's full fair market value. This deduction reduces the cost of making your gift and frees cash that otherwise would have been used to pay taxes.
You eliminate capital gains tax on the property's appreciation. The transfer isn't subject to the gift tax, and the gift reduces your future taxable estate.
You may want to explore alternatives to an outright gift of real estate, such as a "bargain sale," creating a charitable remainder trust or giving through your will.

Make Us a Deal

A bargain sale occurs when you sell real estate that you've owned for more than one year to Mason Habitat for Humanity for less than its current fair market value, subject to our agreement. After we purchase your property, three things happen: 1) You receive a cash payment from us for the sale price, 2) you receive a charitable deduction for the difference between the sale price and the higher fair market value, and 3) we receive the property at a bargain price. You benefit financially, and so do we.