Selling a property owned for many years can result in excessive taxes. This is particularly the case for vacation homes and investment properties. A significant portion of the sale proceeds may be lost to taxes.
Real Estate
What are Real Estate Gifts?
There are many options for donating your home, second home, commercial building, vacant land, farm, or other real estate to Robin Hood that will help you achieve your charitable and financial goals.
How It Works
Here are some common techniques for making a gift of real estate to Robin Hood.
- Give your real estate now.
- Give your home now, but continue to live in it as long as you wish.
- Give your real estate now and receive payments for life.
- Give your real estate through your estate plan.
- Give a portion of your real estate and keep the rest.
- Sell your real estate to us for less than its appraised value.
Why It's Right for You
A gift of real estate could be right for you if:
- You own real estate for which you no longer want to be responsible.
- You are willing to donate your home if you cannot continue to live in it.
- You own real estate that you are willing to sell to us for a bargain price.
- You own real estate that you are willing to donate if you get income in return.
- You want to save income taxes.
- You want to make a generous gift to Robin Hood.
Frequently Asked Questions
What are the benefits and responsibilities of giving real estate gifts?
Owning real estate has many benefits. Appreciation is perhaps the most desirable of them from a financial perspective. Over time, however, the benefit of appreciation can be overshadowed by the responsibilities of real estate ownership. Selling is always an option, but an often overlooked option, with considerable financial benefits, is giving the property to Robin Hood.
How does giving real estate gifts benefit my taxes?
Making a gift of your real estate saves taxes, and, if you wish, can create a new stream of income. When you give a property either directly to Robin Hood or to a charitable remainder trust that will ultimately benefit Robin Hood, your tax and financial benefits are likely to be considerable.
FIND THE BEST GIFT FOR YOU
Not sure where to start? Learn more and compare giving options here.
Find the Best GiftContact us
We would love to speak with you and share information on gift strategies that can help you support Robin Hood and provide benefits to you and your family.
Austin Wrubel
Director of Planned Giving
212-844-3521
wrubel@robinhood.org
If you have already put Robin Hood in your estate plans, please let us know.