Donating Real Estate to Charity

Daniel Burke, Attorney, Rudman Winchell

Donating real estate to a charitable organization can benefit both the charity and the donor.  The tax laws provide several methods for donation of real estate, both during a donor’s life  or through bequests under a donor’s will, or other gifts taking effect at death.

The simplest method is the outright transfer of property during the donor’s life, by a deed conveying the donor’s entire interest in a property to a qualifying charitable organization.  Another method, known as a bargain sale, is the sale of property to the charity for less than fair market value.

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