Want to make a gift to CAIR without touching your bank account?
Consider giving us real estate, such as a personal residence, vacation home, farm, commercial property or undeveloped land. Such a generous gift helps us continue our work for years to come.
Ways To Donate
A Bargain Sale
When you make a bargain sale, you sell your property to our organization for less than what it's worth. The difference between the actual value and the sale price is considered a gift to the CAIR Foundation.
A bargain sale can be an effective way to dispose of property that has increased in value, and it is the only gift that can give you a lump sum of cash and a charitable deduction (when you itemize) at the same time.
Memorial or Endowed Gift
A gift of real estate may be a perfect way to honor your loved one in perpetuity. When you make an endowed gift of real estate, your contribution is invested with and becomes part of our endowment.
An annual distribution is made for the purpose you designate. Because the principal remains intact, the fund will generate support in perpetuity.
A Donor-Advised Fund
When you transfer real estate to your donor advised fund, you avoid capital gains taxes and qualify for a federal income tax deduction based on the fair market value of the property when you itemize your taxes.
An Outright Gift
When you make a gift today of real estate you have owned longer than one year, you qualify for a federal income tax charitable deduction equal to the property's full fair market value.
This deduction lets you reduce the cost of making the gift and frees cash that otherwise would have been used to pay taxes. By donating the property to the CAIR Foundation, you also eliminate capital gains tax on its appreciation.
Gift In Your Will Or Living Trust
A gift of real estate through your will or living trust allows you the flexibility to change your mind and the potential to support our work with a larger gift than you could during your lifetime.
In as little as one sentence, you can ensure that your support for the CAIR Foundation continues after your lifetime.
A Retained Life Estate
You can transfer your personal residence to CAIR but keep the right to occupy (or rent out) the home for the rest of your life. You continue to pay real estate taxes, maintenance fees and insurance on the property.
Even though CAIR would not actually take possession of the residence until after your lifetime, since your gift cannot be revoked, you qualify for a federal income tax charitable deduction for a portion of your home's value.
HOW IT WORKS
Noor purchased a rental property years ago and has watched it grow steadily in value. Still active in her career and traveling frequently, she's beginning to find management of the property more and more of a hassle. Noor sees this as an opportunity to give her rental property to a charity that's important to her while realizing valuable tax benefits.
Noor avoids capital gains tax on the appreciation and qualifies for a federal income tax charitable deduction of $250,000, which is for the property's fair market value today. She is able to claim 30 percent of her $200,000 adjusted gross income, or $60,000, in the year of the gift.
In the five years following, she can continue to use up the remaining $190,000 deduction. Noor loves knowing that the gift of her property will make a big difference supporting our mission.