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 may be able to overcome this by giving interests in appreciated real estate (raw land, residential, or commercial real estate) to charity prior to reaching an agreement to sell. This strategy avoids capital gains taxes on the gifted portion, likely getting you an income tax deduction for the fair market value of the gift and freeing up additional cash flow for more giving.
Many generous people with income-producing real estate have a heart to give charitably too. But they’d like to hang onto their cash and avoid a large tax bill. You may be able to gift real estate (commercial real estate, rental income property, etc.) into your Giving Fund while continuing to manage the property, now with the goal of maximizing charitable granting. This strategy reduces income taxes and creates charitable cash flow, allowing you to give more. Your income-producing real estate can become a kingdom-producing investment with NCF. We can help you give residential or commercial real estate, and even rental income property, while continuing to manage it yourself.