Gift of Appreciated Real Property
Many people have the ability to give real estate to the Lord's work. Gifts of appreciated, unencumbered real estate that you have owned for more than one year can provide additional tax advantages to the giver, as well as funds to reach the world for Christ.
If you have rental property, commercial property, vacation property, a second home, or land that you are not using or are tired of caring for, giving it may be an ideal way to provide funds for The JESUS Film Project. By giving real estate (or an undivided interest in a percentage of real estate) to charity, you receive an immediate tax deduction for the appraised fair market value of the gift, you avoid paying any capital gains tax on the gift, and you can remove the property from your estate for probate and estate tax purposes.
Often people are ready to avoid the care, maintenance and/or expense involved in owning real estate. If you also have a vision for providing funds to reach the world for Christ, giving the real estate may help reach both goals. The JESUS Film Project can and will help you to transfer the property to our ministry, provide a charitable gift receipt for the fair market value, sell the property, and use the funds to accelerate the work of evangelism, discipleship and church planting worldwide.
- Keys to Effective Giving -- Charitable Remainder Trust - Real Estate (PDF)
- Keys to Effective Giving -- Exit Strategies for Real Esate Investors (PDF)
You may want to give real property outright, through your estate, or through a charitable remainder trust. Through a charitable remainder trust, you may sell the real estate within the trust, avoid capital gains tax, invest the whole amount tax free, pay a lifetime income to you and your spouse, then provide a legacy to reach future generations for Christ.
Through a life estate, you can continue to live in your home after you give the final interest to The JESUS Film Project. You can continue to live in your home or receive income from the farm, and only after your death will the property pass to the Project. You will receive an immediate income tax deduction for the present value of the ministry's future right to receive the property.
They Can Find Christ in Your Home
For those of us who own our homes, we treat them as an asset. A missions-minded, retired couple saw a home they owned as a means to let people see “JESUS.” In the process, they discovered how they could gain significant, tax-lowering benefits. The Great Commission Foundation provided them with all the help they needed. You can read their story here, and discover how you can do the same, while lowering your taxes.
Tax-wise gift and estate planning help is available to you too, at no charge, from The Great Commission Foundation of Campus Crusade for Christ. You can receive assistance online, over the phone, or in person. Just visit www.jesusfilm.org/legacyinfo. We encourage you to also contact our estate planning professional with The Great Commission Foundation, Scott Talbot, at 1-800-449-5454. You’ll find him helpful and knowledgeable. Thank you.
request helpFor further information or answers to your questions, please feel free to call our Gift and Estate Planning Team toll free at 1-800-449-5454. We can provide you with additional information on the variety of plans outlined and we can guide you, in consultation with your advisors as needed, to the best options for you. There is no obligation and the call is toll free, so call us today. You can send an email to: firstname.lastname@example.org. When you call or email us, mention code NY0JWP.