Ways You Can Give
A Gift of Real Estate
A gift of real estate to Haven of Rest can be a particularly tax-wise move. Property such as a residence, farm or vacant lot may have appreciated so much over the years that selling it would result in a significant capital gains tax.
By making a gift of the property to Haven of Rest, you may avoid the capital gains and receive a charitable deduction for the full fair market value of the property.
And if you guarantee by December 31 that your property will be distributed to charity at the time of your death, you can receive an income tax deduction for the year ending even though the actual distribution will not take place until the time of your death. During your lifetime, you can maintain the benefit of the property, including any income that it produces.
Request more information about giving a gift of real estate to Haven of Rest.
Did you know that 77% of every dollar donated to Haven of Rest for operational expenses is used solely for programs and services to help physically and spiritually destitute people?
Haven of Rest Ministries is not engaged in rendering legal or tax advisory service. For consultation and assistance in specific instances the services of an attorney or professional financial advisor should be obtained.