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Your Guide to Donating Real Estate

Have you considered converting real estate to charitable dollars?

Real estate might make up a large portion of your wealth. If you plan to donate assets to charity, consider exploring a real estate gift that can be converted to cash for your charitable giving.

Greater Horizons’ complex assets team has decades of experience handling real estate donations, including overseeing gifts of agricultural, residential, commercial and undeveloped land, and can help you think through all of your options.

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Key considerations before you donate real estate.

Each real estate transaction is unique, but an ideal real estate gift typically includes the following:

  • The property has been owned for more than one year and has significantly appreciated.
  • The property is debt-free, or the debt can be paid off before the donation. 
  • The property can be irrevocably transferred to an entity that accepts, manages and sells gifted real estate.
  • The property is marketable and cost-effective to liquidate, but there are no prearranged sales. 
  • The donor is comfortable with anticipated transfer costs, including an appraisal fee, legal expenses, closing costs and a one-time transfer fee charged by Greater Horizons and/or a third party that facilitates the transaction.

Once the property is sold, the proceeds can flow into your donor-advised fund, which you can use to provide grants to any 501(c)(3) public charity in the U.S., including educational and religious institutions, all on your own timeline.

Questions?

Our complex assets team is available to walk you through the process of making a real estate gift.

Greater Horizons does not provide tax, legal or accounting advice.
This is for informational purposes only.

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