Real Estate

Yes. The typical tax deduction is based on a current appraisal less any cash paid to or on behalf of the donor (such as to pay off a mortgage). The tax deduction is taken in the year of the gift and, if necessary, can be carried forward for five additional tax years.

Yes. A charitable donation of real estate eliminates the tax burden on the gifted portion of the property. Any cash paid to or on behalf of the donor (for instance, to pay off a mortgage) is considered the “sale portion” and that amount is taxed on a prorated basis. Outright gifts are 100% tax free and tax deductible.

Residential, commercial, hospitality, resort, farms/ranches and land, among others. We do not accept timeshares. Every donated property must be marketable at a price close to appraised value within a reasonable marketing period.

The gift of real estate has two steps: a donation to Realty Gift Fund, followed by a sale to a third party. The tax deduction is based on the donor’s current appraisal and the amount of cash the Parkinson’s Foundation receives is based on the net proceeds produced by the sale.

Realty Gift Fund does not charge a fee but retains a portion of the “net gift” produced from the sale of the gifted property. The shared amounts are based on the size and complexity of each donation but, on average, the Parkinson’s Foundation will receive up to 90 to 97% of the net proceeds.

A qualified appraiser will produce a current appraisal within 60 days of the date Realty Gift Fund takes title. The donor pays the cost of the appraisal, which is often the donor’s only expense of a donation.

Yes. Realty Gift Fund can use its resources to pay off existing debt based on an evaluation of the loan amount versus the property’s true market value.

Yes. Perhaps your property is free of debt but you desire a partial cash payment for some other reason — college tuition, investment opportunity, house renovation, etc.

Yes. Realty Gift Fund can use its resources to make sensible repairs to properties to improve the market value and shorten the time to sell a property.

Let’s start with a phone conversation about your goals and if a gift of real estate to the Parkinson’s Foundation fits your needs. Real estate is a significant gift and we want to align our mission to your goals. We will ask you for the property type, the amount of debt or other cash needs, the property address and what characteristics will define its market value.