Real Estate

When you donate real estate, the potential benefits include:

Income tax savings
Estate tax savings
Capital gain tax savings
Lower maintenance costs
Possibility of lifetime income stream
Possibility of using the property during your lifetime
An often-overlooked asset can be used for the Lord's work
Excellent stewardship opportunity for the resources God has entrusted to you

Can we give a "slice" of a property we own?

Yes. Ken and Sheila contributed a 33% "partial interest" in a lot with the assistance of Barnabas Foundation. Upon the sale of the lot, Ken and Sheila received 67% of the proceeds, Barnabas Foundation received 33% and distributed it to Ken and Sheila's favorite kingdom causes.

Can I donate real estate but continue to use it?

Yes. Emily gave her home but retained the right to continue living there for her lifetime. This is referred to as a gift "subject to a reserved life estate". She received a charitable deduction for a portion of the value of her home and at her death the property was sold and the proceeds were distributed to the charities she recommended.

Is it true we can gift a parcel and retain a lifetime income?

Yes. John and Sharon gave a vacant lot. The lot was sold without any tax liability and Barnabas Foundation paid the donors an annual income based on the value of the property for as long as they lived. Upon the death of the 2nd spouse, the remainder interest will pass to the charity(ies) of their choice.

Our real estate situation is unique. What do we do?

For over 30 years, Barnabas Foundation has helped Christians make gift planning decisions - including unique real estate gift possibilities. Because the exact structure of a particular real estate gift is based on each donor's siutation, it is wise to take advantage of Barnabas Foundation's experience and expertise in this area. To get started, simply contact Barnabas Foundation toll-free (1.888.448.3040) for a free, confidential, no-obligation consultation.