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.
 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.
Click
to view details of the other
types of planned gifts available:
For 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: info@gcfccc.org. |
