Planned Giving
Gifts of Real Estate
Often donors own a family farm that provides only a small return of its market value. In other cases, donors may wish to make a significant gift to JCC but think they can’t because their largest asset is their home. In both these cases, after learning of the options and benefits of making a gift of real estate, donors may feel that gifting real estate is the perfect way to show their support.
Retained Life Estate
There is a way to give your home to JCC today and enjoy potential tax benefits you might not receive if you wait to pass it through your estate. The agreement is called “Retained Life Estate” and it gives you the right to remain in your home for your lifetime. Contact the Foundation to inquire about this option.
Outright Gifts
Often individuals purchase property at a reasonable price and find that it has appreciated significantly over time. This is a terrific scenario for most – their initial investment has grown into something much larger. A way in which to avoid capital gain taxes is to give the appreciated property to the JCC Foundation. Additionally, gifts of appreciated real estate reduce a donor’s taxable estate.
Life Income
If you wish to receive a steady stream of income for life, remain in your home for your lifetime and make a significant gift to JCC, there are a couple of opportunities you may wish to consider. Charitable Gift Annuity for Remainder in Home or a qualified Charitable Remainder Trust will allow you all of the above benefits. Be sure to contact the Foundation to inquire what arraignment might be best for you.
Bargain Sales
If you wish to gift appreciated property yet still receive immediate cash, a bargain sale may be right for you. This arraignment is part gift and part sale, and alleviates the donor of the effort and cost of a normal sale. If you think a bargain sale may help you realize your philanthropic wishes, be sure to contact the Foundation to discuss this opportunity more fully.
