Charitable Gift Annuity For Real Estate
When you make a gift of your home to fund a charitable gift annuity, you can benefit in the following ways:
- You will receive fixed lifetime payments, part of which are tax-free.
- You can avoid capital gains tax on the sale of your property.
- You will receive a charitable income tax deduction based on your gift.
- You can support the causes that matter most to you.
- You can also structure your gift so you can continue to live in your home.
How Does a Charitable Gift Annuity Work?
When you make a gift of your home to fund a charitable gift annuity, we will sign an agreement with you and promise to make fixed payments to you for the rest of your life. The amount of the annuity payments will be based on your age. When you pass away, our organization can utilize any funds that remain.