If you own real estate—your home, commercial or residential rental property, undeveloped land, or even a vacation property—it could be your most valuable appreciated asset. There might be valuable tax or estate planning advantages to including real estate in your charitable giving strategy. Your real estate could even let you make a larger gift to Direct Relief while saving on taxes.
Direct Relief can accept donations of any type of property in any location as long as there is enough equity in the property to pay off existing obligations like a mortgage, unpaid property taxes or other secured liens, and the costs of selling the property. In most cases, the donation process takes between 30 and 90 days after we have all the necessary information about the property you wish to donate.
When you are ready, notify us and a Direct Relief real estate donation specialist will contact you to help you get started.
The information provided here is not intended as legal or tax advice. It is intended only to help you understand that you have options for making a charitable gift to Direct Relief. There are a variety of ways to leverage real estate for charitable giving. Talk to your attorney or tax advisor about whether donating real estate is the right choice for you.
Direct Relief may choose to use CARS charitable real estate donation services to process your gift. CARS is a 501(c)(3) charity that is separate and independent from Direct Relief. If Direct Relief chooses to use CARS’ services, CARS’ staff handle everything from evaluating the charitable value of your property and taking title, to selling the property and delivering the cash proceeds to Direct Relief.
Direct Relief’s Employer Identification Number (EIN) for tax reporting is 95-1831116.
Popular Types of Planned Gifts
- Wills & Trusts
- Beneficiary of Retirement Plan or Financial Account
- Charitable Remainder Trust
- Charitable Lead Trust
- Life Insurance
- Real Estate