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 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. 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 — Appreciated Real Estate (PDF)
- Keys to Effective Giving — Charitable Remainder Trust – Real Estate (PDF)
- Keys to Effective Giving — Exit Strategies for Real Estate 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 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.
To take full advantage of the complimentary gift and estate design services offered by Jesus Film Project®, please call today.
You can reach us at (800) 449-5454 or email [email protected] to begin a dialogue.