How to Give Real Estate

Choose the Time of Your Gift

How to Figure Your Tax Benefits

Continue to Live in Your Home

Benefits of a Gift of Real Estate

If you've been thinking about making a substantial gift to United Cancer Research Society, perhaps you should consider eal estate. A gift of cash or securities at this time may not be practical. Your personal residence, farm, vacation home, commercial property, or parcel of undeveloped land might be more suitable

A present or future gift offers you the opportunity for valuable income tax and estate tax savings. You can also free yourself of burdensome management and the problems involved in selling the property or leaving it to estate liquidation.

Whether we keep or sell the property, you'll make a satisfying and enduring contribution to our work.

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If convenient for you, you can make a gift of real estate now. Assuming you itemize deductions on your return, you'll get a substantial income tax deduction, and you'll have the satisfaction of seeing the results of your generosity.

Perhaps an immediate gift isn'tdesireable. You may want to use the property a while longer or even retain lifetime use. In any case, you can still make the necessary arrangements now and benefit from a sizable curent income tax deduction.

How to Figure Your
Tax Benefits

When you make an outright gift of real property, yhou obtain an income tax charitable deduction equal to the property's full fair market value (if held long-term) instead of the lower cost basis.

This deduction lets you reduce the cost of making the gift and frees cash that otherwise would have been used to pay for taxes and upkeep. Also, you avoid tax on the property's appreciation, the transfer isn't subject to the gift tax, and the gift reduces your taxable estate.

Continue to Live
in Your Home
You can secure a current charitable deduction by deeding a remainder interest in yhour personal residence to United Cancer Research Society. This lets you occupy and enjoy the full use of your property for life.

Example:
Paula, who is 65 years old and a widow, donates a remainder interest in her home, subject to her right to occupy or rent the home for life. At the time of her gift, the market value of the property is $200,000. Her accountant, using a formula required by the IRS to discount the gift based on Paula's life expectancy and the future depreciation on the house, determines the value of her income tax deduction to be in exvcess of $55,000.

The personal residence rules also apply to a farm, vacation home, condominium, or stock in a cooperative housing corporation, if used by you. A farm may include acreage with or without the house.

Explore the Benefits of a Gift of Real Estate
When you give your home or other real estate to United Cancer Research Society, you create an enduring testimonial of your interest in our important goals. Your personal satisfaction is complemented by valuable tax benefits.

We'll be glad to assist you, your attorney, and/or tax advisor in finding the best plan for you.