It’s important to consult with a professional advisor, such as a wealth manager, estate planning attorney, and/or accountant to identify which gifting approach best suits your unique circumstances. Disability Rights Center – NH is a tax-exempt 501(c)(3) nonprofit organization. Your contribution is tax-deductible to the extent allowed by law.
Charitable Giving Using Real Estate Donations
There are many ways to support DRC-NH through a real estate donation including:
- Gifting your home while retaining lifetime use: If you want to donate your home to DRC-NH but prefer to continue living in the property during your lifetime, you can accomplish both objectives through a retained life estate. A retained life estate provides you with the exclusive right to use the property for the remainder of your lifetime, even though title to the property irrevocably has been gifted to DRC-NH who will receive it upon your death. The right to live in the property can be defined under a deed or through specific language in a Trust.
- Donate real estate and receive immediate tax benefits: Gifting real estate to DRC -NH by transferring title in property that you have owned for several years but don’t need as part of your financial portfolio may provide an income tax deduction to offset an otherwise high income tax liability.
- Donate real estate and receive income for life: Another way to donate real estate is to transfer title to a Charitable Remainder Trust. This type of Irrevocable Trust would allow the trustee to sell the transferred real estate and invest the sale proceeds, which then generate income payable to you or any named beneficiaries for life. Because the interests are split under the Trust, you may be eligible for a partial income tax deduction at the time of the gift. Upon termination of the Trust, the remaining Trust proceeds would be distributed to DRC-NH to further its mission.
- Bequest real estate: If you are not comfortable or unable to make an immediate gift of real estate, you have the option of donating real estate to DRC-NH at your death through your Last Will and Testament or Trust. This type of bequest may provide financial and other advantages to you and your loved ones.
If You Would Like to Make a Donation
Call Stephanie at 603-228-0432 or visit our donation page make a gift or get more information.
Note: All donations of real estate or other property are subject to approval by DRC-NH’s Board of Directors.