Donating appreciated real estate, such as a home, vacation property, undeveloped land, farmland, ranch or commercial property can make a great gift to Truckee Donner Land Trust.
Your real property may be given to Truckee Donner Land Trust by executing or signing a deed transferring ownership. You may deed part or all of your real property to Truckee Donner Land Trust. Your gift will generally be based on the property's fair market value, which must be established by an independent appraisal.
A charitable life estate is just one vehicle to consider when donating appreciated real estate to Truckee Donner Land Trust. A charitable life estate is a way for you to give your home or farm to charity while maintaining the right to use and enjoy the property. This is a meaningful way to support the Land Trust if you want to make a gift today without using cash or other assets. It is especially attractive if you own property that has appreciated in value, you are willing to give the property away and you don't plan to pass it on to your heirs. Further, a life estate offers you the opportunity to make a gift this year, while also receiving a tax-saving charitable deduction.
If you have any questions about gifts of real estate, please contact us. We would be happy to assist you and answer any questions that you have.
