Real Estate
Learn more about the many ways to use real estate to support St. Mark's in the FREE guide 7 Ways to Donate Real Estate.
View My Free BrochureA gift of real estate can benefit both St. Mark's and you. When you give us appreciated property you have held longer than one year, you qualify for a federal income tax charitable deduction. You avoid paying capital gains tax. And you can eliminate that property's maintenance costs, property taxes, and insurance.
Another benefit: You can also eliminate the difficulties of selling the real estate.
Ways to Give Real Estate
You can give real estate to St. Mark's in the following ways:
Submit a few details and see the benefits of an outright gift.
An outright gift. When you make a gift today of real estate you have owned longer than one year, you qualify for a federal income tax charitable deduction equal to the property's full fair market value. By donating the property to us, you also eliminate capital gains tax on its appreciation.
A gift in your will or living trust. A gift of real estate through your will or living trust allows you to potentially make a larger gift than you could during your lifetime. In as little as one sentence or two, you can ensure that your support for St. Mark's continues after your lifetime.
Submit a few details and see the benefits of a bargain sale.
The terms of a bargain sale offer the ability to sell your property to St. Mark's for less than what it is worth. The difference between the actual value and the sale price is considered a gift to us. A bargain sale can be an effective way to both give a gift and receive some value from the property.
Submit a few details and see the benefits of a charitable remainder unitrust.
A charitable remainder unitrust. Sometimes appreciated real estate can fund a trust that can provide an income stream for life or a term of up to 20 years. Your estate planning attorney, who will draft your trust, can give you more details.
A charitable lead trust. This gift can be an effective way for you to benefit St. Mark's and simultaneously transfer appreciated real estate to your family tax-free. You should consider funding the charitable lead trust with real estate that is income-producing and expected to increase in value over the term of the trust.