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Gifts of Real Property

Gifts of real estate can meet both your financial and philanthropic goals as well as support The Gainesville Fisher House Foundation.

Properties that we accept include first and second homes, apartments and retail buildings. If you have property that is debt-free and is highly marketable, you may want to consider the benefits of a life income gift.

Gift arrangements include donating the property, funding life income gifts which produce a charitable tax deduction and an income stream for life, or you can simply include the property as a bequest in your will.

Life Income Trust

You can fund a charitable remainder trust for you and/or other income beneficiary for life. The property is sold by the Gainesville Fisher House Foundation, with no capital gain tax liability, and the proceeds are used to fund a trust for your benefit.

Outright Gift

You can deed property to the Gainesville Fisher House Foundation which would sell it. You income tax deduction will be based on the entire appraised market value.

Gift of Partial Interest

You can deed a fractional interest in your property (one half for example), and upon the sale, the proceeds are split between you and the Foundation. The income tax deduction from making the gift can be used to offset the capital gain generated by the sale of the property.

Gift with Retained Life Tenancy

You can deed your home, vacation home, or farm to the Gainesville Fisher House Foundation and retain the right to use the property for your lifetime. An immediate charitable income tax deduction is allowed at the time of the gift.

Bequest

You can make a testamentary gift of real estate in your will or living trust to the Gainesville Fisher House Foundation depending on your estate tax situation

 

If you would like additional information, contact the Gainesville Fisher House Foundation at 352-375-2662 or visit our website www.GainesvilleFisherHouse.org.