Charitable Giving

Charitable giving provides important tax advantages while eliminating the responsibility of property management. As with donations of appreciated stock, donating appreciated property allows you to minimize or avoid capital-gains taxes that you would incur if you sold the property 

MAKE YOUR MARK AND LEAVE A LEGACY

If given the opportunity, most of us would like to leave the world a better place than we found it.  A gift of real estate can be the ideal vehicle for making this possible. Your gift can create a legacy reaching far into the future for generations to come.

 Donating Your Real Estate May Be A More Viable Option Than Selling, Especially In This Market!

Fostering Your Families Future (FYFF) is a Nonprofit Corporation.  We have the unsurpassed ability to handle all phases of donating real estate.

We are the Nonprofit leader for those wishing to give Real Estate donations.  Whether homes, vacant land, commercial buildings, or industrial property, FYFF has the expertise to handle any type of Real Estate.  Our Real Estate team is nationally known as the nation’s leading experts in the Real Estate donation process. Forbes Magazine and the Wall Street Journal have even recognized the work our team has done in this industry. It is this unyielding commitment to our mission and doing the job right for our donors that sets us apart from any other Nonprofit Corporation.  We are committed to providing the best guidance throughout the donation process to help you achieve the highest possible tax deduction, potential income opportunities and most of all…leave a lasting legacy.

What can be donated?

• Residential Property
• Vacant Land
• Apartment Buildings
• Condos
• Commercial
• Industrial
• Properties with Mortgages or Liens

The advantages for donating real estate are substantial.  These include:

For Individual Donors:

• Avoid or Diminish Capital Gains
• Receive a Charitable Tax Deduction
• Eliminate Selling Problems
• Simple to Transfer Ownership
• No Real Estate Fees
• Potential of Income for Life Through an Annuity
• Philanthropic Goals are Met

Call us today at 352-591-3339 or email us at yourfamiliesfuture.org.  We’ll give you an evaluation of your property absolutely free of charge…No obligations.

We look forward to assisting you,

 OUTRIGHT

The simplest way to donate real estate to FYFF is through an outright donation. By entering into an agreement to give all or a portion of your real estate to FYFF, you will maximize your support of FYFF and may be eligible for an income tax deduction equal to the full appraised value of your real estate. Typically, FYFF will sell the property and use the proceeds to benefit the school or program of your choice.

BARGAIN SALE

In a bargain sale, you sell your property to GW at a price below its appraised fair-market value. GW will pay you the reduced price, and the remainder of the appraised value becomes a tax deductible donation to GW.

BEQUEST

You can benefit FYFF simply by including a bequest intention of any property in your will. The bequest may be either unrestricted or, in consultation with FYFF, designated to a school or program of your choice. If you like, you may choose to donate a portion of your real estate to FYFF, and share the gift among other charities or individuals of your choice.

FYFF can provide you with sample bequest language to share with your legal advisor. After you make a bequest, please let us know so we may recognize you in FYFF Heritage Society

.

LIFE INCOME GIFTS (CRT AND CGA) (OUTRIGHT OR BEQUEST)

Through a charitable remainder trust or a charitable gift annuity, you can turn your real estate into a  reliable income stream. In exchange for your property, FYFF will agree to pay you and a spouse or  other loved ones a steady income for the remainder of your life/their lives. In addition to lifetime  income, you are eligible to take a charitable deduction for a significant portion of the gift. Retained Life  Estate This option allows you to donate your property while continuing to enjoy its use for as long as you  wish. When you give your home to FYFF subject to a “retained life estate,” you may continue to live  there for the remainder of your life, or the life of your spouse or other family member. You are eligible  to take an immediate income tax deduction for a portion of the value of your home. You can use a  primary residence, second home, farm or any asset you use as a personal residence for a retained life  estate. Additionally, you may combine a retained life estate with a charitable gift annuity to receive a  fixed income for the remainder of your life while also remaining in your home for as long as you wish.

RETAINED LIFE ESTATE

This option allows you to donate your property while continuing to enjoy its use for as long as you wish. When you give your home to FYFF subject to a “retained life estate,” you may continue to live there for the remainder of your life, or the life of your spouse or other family member. You are eligible to take an immediate income tax deduction for a portion of the value of your home. You can use a primary residence, second home, farm or any asset you use as a personal residence for a retained life estate. Additionally, you may combine a retained life estate with a charitable gift annuity to receive a fixed income for the remainder of your life while also remaining in your home for as long as you wish. This option allows you to donate your property while continuing to enjoy its use for as long as you wish. When you give your home to FYFF subject to a “retained life estate,” you may continue to live there for the remainder of your life, or the life of your spouse or other family member. You are eligible to take an immediate income tax deduction for a portion of the value of your home. You can use a primary residence, second home, farm or any asset you use as a personal residence for a retained life estate. Additionally, you may combine a retained life estate with a charitable gift annuity to receive a fixed income for the remainder of your life while also remaining in your home for as long as you wish.

Running a holiday sale or weekly special? Definitely promote it here to get customers excited about getting a sweet deal.