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Real Estate |
A gift of real estate, such as a personal residence or vacation home, commercial property, or even vacant land, can be a creative way to make a significant gift to Eight/KAET and at the same time receive important tax benefits. The benefits include a charitable income tax deduction for the full fair-market value, avoidance of capital gain tax on the property's appreciation at the time the gift is made, and potentially reduced estate taxes and probate costs.
A retained life estate gift allows you to give Eight/KAET your personal residence, but retain the right to live in it for your lifetime. Real estate can also be used to fund a charitable remainder trust, which will provide you with income for life or a term of years.
Of course, you can also give the property outright to Eight/KAET, subject to our approval.
All Planned Giving Options:
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