Real Estate
> We support all types of gifts
OUTRIGHT GIFTS
Benefits
eceive a charitable income tax deduction for the full fair market
R
value of the property.
Avoid capital gains tax on appreciation.
Transfer to EFSC the burden and expense of managing and selling
your property.
Did You Know?
An appraisal is usually required to substantiate the tax deduction
for most real estate gifts, and must be obtained by the donor.
In some cases, EFSC may be willing to purchase a property for
less than its fair market value, and the donor is able to claim a tax
deduction for the difference.
Property subject to a mortgage may not be suitable as a gift to EFSC
due to tax and other considerations.
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