Many people have made giving commitments they’d like to keep or are stretching themselves to give more this year. If you’d prefer not to deplete your cash, giving an asset, like real estate, may be a tax-effective way for you to fund your giving dreams.
Whether you own a family farm, a corporate building, or a vacation home, you may be able to turn your valuable property into food for the hungry, Bibles for evangelism, research to fight a disease, or anything else God is calling you to support.
Many real estate investors have a heart to give charitably but feel hindered by a limited cash flow and growing taxation of their investments. If you are among them, you can donate interests in appreciated real estate and residential and/or commercial property to NCF. Then, while NCF holds the property and upon liquidation, the proceeds go to your Giving Fund.
This may reduce or eliminate taxes on the gifted portion’s future income and future sales, resulting in more money for charity. In most cases, you receive an income tax deduction for the appraised fair market value of the gift, freeing up additional cash flow for more giving.