Donating Land To Charity

When you donate land to a charitable organization you can claim the value of the land on your taxes which lowers your tax liability.

Donating land to charity. Donating real estate or donating land to a charity can both further your philanthropic goals and provide valuable tax deductions. To donate land call 888 228 7320 or complete the land donation form below real estate with causes accepts real estate donations anywhere in the united states and abroad and uses your donation to help support numerous worthy charitable causes worldwide. You typically cannot donate your land if you have a loan outstanding on it however. For some charities land is a burden since if they don t have a use for it they may need to pay to own it and to sell it.

Charities described in section 501 c 3 of the internal revenue code need funds to operate their charitable educational or other tax exempt programs. Transfer ownership of the property to the charitable organization of your choice. A direct gift is the simplest method of donating real estate. You must own the land free and clear.

Complete the form above to get started with your land donation today. The deed or title is transferred from the donor to the charity. Gifts of donated property clothing and other noncash items have long been an important source of revenue for many charitable organizations and a popular deduction for taxpayers. These charities may choose from a number of fundraising activities for financial support.

But the irs imposes strict rules on charitable deductions that you must follow if you want to reap the tax savings you expect. Instead you can donate your land to a charitable organization. Any time you donate property worth more than 5 000 you need a qualified appraisal to document the value of the property. See determining your home s tax basis.

Hire a qualified appraiser to determine the value of the real estate you re donating to charity. Donate land and save on taxes not every eligible charity wants land. The federal tax code allows individuals and businesses to make noncash contributions to qualifying charities and to claim deductions for these contributions on their tax returns. As the donor you generally receive a tax deduction equal to the fair market value of the property and that deduction may be carried forward for five years.

A popular fundraising program is the sale of donated property.