Tax Benefits of Donating Real Estate to a Non-Profit Organization is not just for the Rich and Famous

Real Estate Agent with National Real Estate Network, LLC

For many people and companies, Donating Real Estate is about the able to rid themselves of unwanted property. They simple want out. They are tired of property taxes, insurance costs and the liability exposure.


Ralph Maupin has worked with individuals, charities, and small corporations for years as a consultant expediting the donations process.  “For many people and companies, donating real estate is about the ability to rid themselves of unwanted property, maintained Maupin.  “They simple want out. They are tired of property taxes, insurance cost and the liability exposure.”


Central Visions is a company that specializes in transforming gifts of land into valuable assets for charity. Their program, Donating Real Estate, is designed to make the process as painless as possible for both donors and charities. Donating Real Estate guides you through each step along the way while serving as the single contact point between charities and donors who are gifting land.


Michael Schoen, is a principal for Central Vision’s Donating Real Estate program and an expert in every aspect.  Schoen helps donors and the charity obtain the most value in the gifting property. Michael will ensure a successful completion of the charitable giving process.


As a Licensed Real Estate Professional who understands all aspects of donating real property to charity, Michael works with the donor and the charity to coordinate a smooth, successful property transfer.


Here are some tips for real estate donors:


  • The following tips apply if the donated property is owned in the donors name; with the donor’s spouse or other persons.
  • If you have held the property for more than one year, it is classified as long-term capital gain property.
  • Donors can deduct the full fair market value of the donated property.
  • Charitable contribution deduction is limited to thirty percent (30.00%) of donor’s adjusted gross income.
  • Excess contribution value may be carried forward for up to five years.
  • If the property has been depreciated, the fair market value must be reduced by its accumulated depreciation through the date of contribution.
  • Fair market value is most commonly determined by an independent appraisal.
  • If donor elects to deduct the cost basis of the donated property, donors are allowed a deduction of fifty percent (50.00%) of donors’ adjusted gross income.
  • Excesses here again can be carried forward up to five years.
  • Which method donor elects is dependent on the cost basis in the property donated, tax bracket, the age and health of the donor and whether donor plans to make future contributions.


Contact Michael Schoen at 248-757-1713 to learn more about donating real estate to charity.

Michael Schoen
Central Visions
4380 W. Grand Blanc Rd
Swartz Creek, MI 48473
Call 248-757-1713

This press release was submitted by Right Now Marketing Group.

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Angels with faith Ministries
Angels with faith Ministries - Cleveland, GA

We are Angels with faith Ministries & Church a volunteer run non-profit charity located in Georgia that helps 1000s of families in true need,in crisis,after disasters,Military families etc & 1000s of children every Christmas with 0 funding, we rely strictly on the tax deductible donations of angels & 100% of EVERY donation goes directly to helping those in true need in Georgia. We accept donated Real estate anywhere in the Southeast U.S in any condition & any kind,donated vehicles any kind any condition,boats,RVs etc as well as donated furniture in good condition,working appliances,household needs,baby & childrens needs,toys for Christmas,clothing,remodeling materials including used carpet etc,anything in good usable condition (last year we had 100s of people donate truckloads of true garbage that noone could have ever used so we have to ask that it is in good usable condition please), we pickup 7 days a week in northeast Georgia ,vehicles & boats anywhere in & around Georgia & truckloads are welcome. Currently our Church/Charity(home based) is in dire need of donated property in northeast Georgia for our permanant location,hopefully acreage with dwellings or without & we would love a pond or waterfront for our Youth Fishing Group of disadvantaged & at risk teens & youth for their fishing day camp but property does not have to have a pond, we aqre hoping for acreage so that it either has an extra home of any kind or where we can place donated mobile home(s) to temporarily house homeless families & Military families coming home from overseas since it takes months for them to begin getting disability benefits & finding housing is hard with no verifiable income which is sad for our soldiers but true(I have 2 permanantly injured military sons who went through that problem 1 Iraq 1 Afghanistan).Due to lack of space & storage we have had to turn down several large donations of furniture,toys at Christmas etc taht could have helped so many families & that broke our hearts,we have ooutgrown the small 2 bedroom home we currently rent in Winder & cannot house homeless famlies here & get calls several times a month from the Red Cross & other agencies. Your donation is tax deductible for full value no matter what condition,we don;t mind fixing it up at all, for up to 5 years & you would be helping us make a difference & help 1000s more families every year & 1000s more children every Christmas. We started this charity nearly 5 years ago to make a true difference & help 1000s of families each year & 1000s of children each Christmas all with 0 funding because we truelly give 100% of every donation directly toward helping those in true need which is what charities shoudl do but 80 % of charities,especially the big charities only give less than 20% on average of donations back into the community,the rest goes to fancy storefronts,salaries for paid employees,overhead & advertising & they turn families way because tehy have no funding left,we set out to change that & to run a true charity that is run only by volunteers,we are home based & do not have a fancy storefront,do our own promotional & advertising work only on free classified & blog websites,pay for our own gas & costs to pickup & deliver donated items, & built & run our own websites on free domains so that 0 % of donations ever goes to costs. A permanant location would help us in our cause by reducing our out of pocket expenses which could go toward feeding,housing,clothing etc families in need & give us more room for storage & housing families in need,you can help us make a HUGE difference right here in Georgia. We are praying that someone will have a property in Northeast Ga area (jackson,Oconee,Walton,barrow,Hall,Newton,Madison,Rockdale,Clarke,Banks,forsythe,North Fulton, county areas) that they have inherited,just don't use or need,are tired of paying taxes on,needs work that they dont want to do, or just want to donate to help those in need or someone willing to donate a 30 year land contract on property which would be tax deductible for full value of lease & you would still own it or even someone who would be willing to owner finance 10 or more acres with dwelling(s) with or without a pond or waterfront in the counties listed above with 0 down & paymenst of $700 or less per month non-qualifying or no credit needed. We need a property & permanant location asap & are praying that an Angel out there will be willing to help us help others.Thank you so much & GOD BLESS,Lori Tuck,director 678-754-1541 or Rev Michael Tuck 678-754-2337 websites & federal EIN 27-1972461 We also accept any kind of donated Real Estate in the Southeast in any condition & any kind vacant land donations,house donations,mobile homes on land, vacant land will be used to place homes,mobile homes etc on to house homelsss families,houses are given to families in need if livable or sold if not livable,burned down etc to help families in need but every cent of every donation goes directly to helping families right here in Georgia ,donated vehicles are fixed if fixable & given to families in true need or sold as junk if not fixable & proceeds go directly to helping families,boat donations & RV donations are sold to raise money to help families in true need as well

Mar 02, 2013 03:19 PM #1
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