DONATE REAL ESTATE

3 EASY STEPS

DONATING YOUR PROPERTY

1 INFORMATION ABOUT YOUR PROPERTY

2 PROPERTY REVIEW

3 WE HANDLE THE PAPERWORK AND SEND YOU THE CLOSING DOCUMENTS FOR YOU TO SIGN.

3 EASY STEPS, SIMPLE AND QUICK. OUR TEAM OF EXPERTS WILL MAKE SURE ALL PAPERWORK IS IN ORDER, WE WILL MAKE SURE THE TITLE IS CLEAR OF ANY ISSUES, IT TAKES 3 TO 5 WEEKS FOR THE PROCESS TO BE COMPLETE.

IRS REGULATIONS STATE TAX DEDUCTION IS BASED ON A CURRENT PROPERTY APPRAISAL. YOU'LL NEED A APPRAISAL. IF YOU HAVE A CURRENT PROPERTY APPRAISAL, YOU DON'T NEED TO GET ANOTHER ONE.

FILL IN THE FORM. INFORMATION INCLUDES PROPERTY ADDRESS, OWNER NAME AND THE TYPE OF PROPERTY AND THE SQUARE FEET.

WE'LL DO A REVIEW OF THE PROPERTY INCLUDING TITLE SEARCH, TAX AND LEIN SEARCH AND A ENVIRONMENTAL VIOLATIONS SEARCH TO DETERMIND IF OUR ORGANIZATION CAN ACCEPT YOUR PROPERTY.

WE SEND YOU THE CLOSING PAPERS FOR YOU TO SIGN. WE HANDLE THE DEED TRANSFER AND RECORDING, NOTIFYING ALL NECESSARY STATE AND MUNICIPALITY AUTHORITIES TO COMPLETE THE TRANSFER. AT THIS TIME, WE TAKE OVER ALL TAXES, MAINTENANCE AND INSURANCE RESPONSIBILITIES, AND WE'LL SEND YOU A TAX-DEDUCTIBLE RECEIPT.

Individual donor benefits

If your property is owned in your own name, with your spouse or others, and you held the property for over one year, it can be classified as ‘long-term capital gain’ property.

This means that you can deduct the full fair market value of the donated property.

Fair Market Value is most commonly determined by an independent appraisal.

If you choose to deduct your cost basis of the donated property you are allowed a deduction of fifty percent (50.00%) of your adjusted gross income.

Each method is dependent upon the cost basis of the property donated, the donor’s tax bracket, age, and health, and whether you plan to make future contributions.

OTHER PROPERTY DONATIONS WE ACCEPT

PROPERTY TYPES

What types of land are accepted?

Residential

Land that was set aside for building residential properties on it that may or may not have been formally developed, such as:

Empty lots
Underdeveloped land
Condemned properties
Abandoned residential lots
Residential vacant land

Commercial

This is land set aside for building commercial properties on it that may or may not have been formally developed, such as:

Real estate developments
Agricultural land
Vacant lots
Abandoned lots
Parking lots
Other areas of land that are relatively undeveloped but for commercial purposes
Commercial vacant land

The benefits of donating land

Your tax credit can be carried over for a few years (you don’t have to claim your tax return in 1 year)
Avoid capital gains tax
Receive a tax deduction for the full fair market value of your land

Commercial real estate we accepted?

Manufacturing and distribution centers, service parks, flex facilities/warehouses, and R&D centers. community and neighborhood centers.

Hotels, motels, and casinos require a large amount of upkeep.

By donating your property and getting rid of unwanted costs, you save your business the necessary money to grow and progress.

What types of buildings are accepted?

Condos (including single apartments)

Whether it is a condo you used for vacations or the building your grandparents left you, condos can require a large amount of upkeep as well as other fees associated depending on the areas they are in.

Donating takes the hassle of the selling process.
Donating a building also takes away any responsibilities associated with the condo management.
We also accept condos with tenets that are presently renting.

Multi-family

Multi-family residential buildings can be difficult properties to sell and can incur massive expenses in regards to maintenance and utilities.

By donating your property, you immediately eliminate any fees or taxes, receive a tax deduction, and the responsibility of the building becomes ours.

The benefits of donating a building

Sales process – donating is much easier than selling and we handle everything for you.
The annoyance of changing bills and utilities
Avoid any payment of capital gains tax on the property’s final sale
Receive a tax deduction
Fast process
No cost to you

Frequently Asked Questions

Please reach us at contactus@nationaldrcenter.org if you cannot find an answer to your question.

First Question: What types of houses can I donate?

We accept almost all houses, so long as they pass our expert evaluation. We work with properties such as apartments and condos, homes, mobile homes, duplexes, and even farmhouses.

Second Question: Is donating a house a good idea for me?

Donating real estate is always a good idea when you’re considering ways to get rid of your property. With a donation, you avoid having to pay capital gains tax on the property sale and receive a tax deduction.

Third Question: Can I donate a house that has a lien or mortgage on it?

This is a complex situation but yes, we do accept such properties.

Fourth Question: Can you take a house that needs repairs or that couldn't sell?

Yes, we accept home donations that couldn't sell as well as houses in less than ideal condition.

Fifth Question: What tax benefits will I receive by donating my house to charity?

As a general rule, you can claim the FULL appraised value of the donated home. Consult your tax advisor for details

Six Question: Do I need to be present at closing?

No. We will mail you all the necessary documents for you to sign.

Seventh Question: Up to how long can the tax deduction be claimed for when donating a commercial property?

Up to 5 years post-donation.

Eighth Question: What if my commercial real estate is in bad condition and needs a lot of repairs?

We take full responsibility for any and all fees your property may have incurred once you donate your property.

Nineth Question: Is a donation of commercial property tax deductible?

Yes.

Depending on your organization, you can receive large, long-lasting deductions and you are immediately exempted from any capital gains tax you would have had to pay as a result of a sale.

Tenth Question: Where can I donate a building?

The National Disaster Relief Center accepts donations from all over the US.

Eleventh Question: Why would anyone donate a building?

As surprising as it may seem, sometimes a donation is a better option for people than selling. Dealing with selling costs, property tax, other forms of taxes and responsibilities make a donation the better option. When you donate a property you receive about the same value as selling it back in taxes.

DONATE YOUR HOUSE 3 EASY STEPS