Know Your Donor

Donors Are Looking To Be Serviced, Not Solicited

There are families and businesses looking to make a difference by donating their gift of real estate everyday. Many of these donors don't know who to turn to for help.  Building a trusting relationship is key.  Helping them to understand their options and giving them unconditional guidance will comfort them in their decision.  Most of these donors will choose a charitable organization based on the relationship the organization has established with them. 

Reasons To Donate A Gift Of Real Estate To Your Charitable Organization

  1. Satisfy a philanthropic intent
  2. Believes in your mission and wants to support your cause
  3. Aspiration to establish a legacy for oneself or for family member
  4. Realizes being charitable also may be beneficial to their financial goals

Donating A Gift Of Real Estate Can Provide Many Benefits To The Donor

  1. Reduce capital gains
  2. Remove costs or fees associated with owning the property (taxes, HOA, maintenance, etc.)
  3. Provide charitable deductions (federal and state, where applicable)
  4. Desire to use and qualify an appreciated asset as a charitable donation for tax deduction purposes
  5. Need to create or increase cash flow or supplement retirement income

Partner With Walter Joseph Group To Offer The Following Services To Your Potential Donor 

  1. Feel secure knowing the charity has a qualified team of support to assist them with the donation process
  2. Access to top professionals to guide the donor through their options and determine the best solution
  3. A simple and streamlined process 
  4. A trusted single point of contact with their charitable partner
  5. Relieved knowing their donation will not be rejected by their charity of choice

6 Ways A Donor Can Gift Their Real Estate Property To Your Charitable Organization

  1. Outright Donation  An individual or corporation donates real estate property to a charity outright or in a trust.
  2. Bequest  A charity is identified in a will as a beneficiary upon the death of a donor.
  3. Charitable Gift Annuity  The donor transfer real estate in exchange for a guaranteed life income under a contract. In most circumstances the charity will receive the property, sell it, and contributes the proceeds to a trust company so payments can be made to a donor. May not be available in all states.
  4. Charitable Remainder Trust  An irrevocable trust is set up with 2 sets of beneficiaries; income and charitable. The income beneficiary is usually the donor who receives a percentage of income from the trust for life or a term of years. The charitable beneficiary receives the principal of the trust after the income beneficiary dies.
  5. Bargain Sale  Real estate property is sold to charity at less than fair market value (FMV). The donor bypasses the gain on the gift portion and receives a charitable deduction but must recognize the gain on the value he/she receives.
  6. Retained Life Estate  A donor makes a donation of a primary or secondary home but continues to live in it or obtains rental income from it and obtains a charitable deduction based on IRS table. The property then passes to the charity upon the donor’s death.