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Gifts of Real Estate

Donating appreciated real estate, such as a home, vacation property, undeveloped land, farmland, ranch or commercial property can make a great gift to The Voice of the Martyrs.

Gifts of Real Estate
Real Estate
VOM
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Benefits of gifts of real estate

  • Avoid paying capital gains tax on the sale of the real estate
  • Receive a charitable income tax deduction based on the value of the gift
  • Leave a lasting legacy to The Voice of the Martyrs

How to make a gift of real estate

Your real property may be given to The Voice of the Martyrs by contacting iDonate at (877)897-4273 or email at donation@idonate.com. You may deed part or all of your real property to The Voice of the Martyrs. Your gift will generally be based on the property's fair market value, which must be established by an independent appraisal.

Conditions to donating real estate

iDonate will generally accept a real estate gift if all of the following conditions are met:

  1. Fair market value is more than $50,000.
  2. If the property is zoned commercial or is farmland, the Phase 1 environmental report comes out clean.
  3. There is no debt on the property.
  4. After the donation, iDonate will be the sole owner of an undivided interest in the property. In other words, the donor can subdivide the property and give a complete interest in one of the parcels, but iDonate prefers not to accept property where they will be co-tenants with others.
  5. iDonate prefers not to accept property that is subject to a rental agreement unless there is reasonable certainty that the property will sell within one month.

iDonate will consider deviating from these qualifications on a case-by-case basis.

iDonate Contact information

Please contact iDonate if the property you wish to give has existing debt or a mortgage. If iDonate is able to accept the property, you may wish to contact your advisor about the capital gains tax implications of your gift.

iDonate
14643 Dallas Parkway, Suite 900
Dallas, Texas 75254
Toll-free (877)897-4273
Local: (913)498-9790
Email: donation@idonate.com

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PRIVACY STATEMENT
This site is informational and educational in nature. It is not offering professional tax, legal, or accounting advice.
For specific advice about the effect of any planning concept on your tax or financial situation or with your estate, please consult a qualified professional advisor.