Donating
marketable real estate such as a personal residence
or vacation home, commercial property, or even
vacant land, can be a creative way to make a
significant gift to NCPB and at the same time
receive important tax benefits and even income.
The benefits include a charitable income tax
deduction, avoidance of capital gain tax on the
property's appreciation at the time the gift
is made, and removal of the property from your
estate, potentially reducing estate taxes and
probate costs. A gift of your real property can
also relieve you of the burden of managing or
selling the property. Real property gifts can
be made in several ways:
outright gift: Your benefits from
an outright gift of real property would include
an income tax deduction for the property's full
fair market value; removal of the property from
your estate; and the reward of seeing your gift
go to work for public broadcasting.
charitable remainder trust: If
you still need the income generated by the property,
a charitable remainder trust may be a good solution.
The property is irrevocably transferred into a
trust, which pays income to you for life or a
term of years. After that, the remaining principal
goes to support the many NCPB programs you have
enjoyed over the years. Additional benefits include
a substantial income tax deduction in the year
the trust is established and no capital gain tax
at the time of the gift.
partial interest gift: If you
are unable to donate the entire property, you
may deed to us an undivided partial interest.
Or a charitable remainder trust may be funded with
such a partial interest. Typically in both instances,
the entire property is sold, with the proceeds
being shared proportionally between you and NCPB
(or the trust). Your charitable deduction for
the gift portion can help offset the capital gain
tax on your retained portion.
retained life estate: Give NCPB
your personal residence, but retain the right to
live in it for your lifetime. A retained life estate
will give you an income tax deduction in the year
you make the gift and the satisfaction of making
an important gift during your lifetime.
bequest: You can make a testamentary
gift of real estate through your will or trust.
For a personalized illustration of how a
gift of real property would work for you, please
complete our request
for information form, or phone or email Earl
Blauner J.D. at (415) 553-2861 or legacy@kqed.org.
Information provided on this Web site is general in nature and not intended to be tax or legal advice applying to your specific situation. Advice from a qualified professional advisor should be sought when considering a gift.
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about KQED
Donating
marketable real estate such as a personal residence
or vacation home, commercial property, or even
vacant land, can be a creative way to make a
significant gift to NCPB and at the same time
receive important tax benefits and even income.
The benefits include a charitable income tax
deduction, avoidance of capital gain tax on the
property's appreciation at the time the gift
is made, and removal of the property from your
estate, potentially reducing estate taxes and
probate costs. A gift of your real property can
also relieve you of the burden of managing or
selling the property. Real property gifts can
be made in several ways: 
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