Gifts of Real Estate

Columbia is happy to consider gifts of residential, commercial, or undeveloped real estate. As with donations of other types of appreciated property, gifts of real estate secure a charitable income tax deduction for you, based on the fair market value of the property, with no capital gains liability for the transfer to Columbia.

You can deliver real estate to Columbia in several ways:

• through an outright donation
• as the basis for a gift plan that will pay you income, like a Unitrust
• by giving us your home and reserving the right to continue living there for your lifetime (a retained life estate)

When you are considering a gift of real estate, keep two considerations in mind:

• Columbia will gratefully review your gift offer and evaluate the condition and marketability of the proposed real estate, reserving the right to refuse the property.
• The IRS requires donors of real estate to secure an independent appraisal to establish the fair market value of the property. Columbia can help you do this.

For More Information

E-mail us, complete the personal illustration form, or call us at 800-338-3294.

PLEASE NOTE: Gifts of Real Estate must have been held by the donor for one year in order to receive a full fair market value tax deduction.