Outright Gift of Real Estate

Want to make a big gift to Ronald McDonald House Charities of San Diego without touching your bank account? Consider donating real estate. Such a generous gift helps us continue our work for many years.

A gift of real estate also helps you: When you give appreciated property you've held longer than one year, you qualify for a federal income tax charitable deduction. This eliminates capital gains tax. Plus you no longer have to deal with that property's maintenance costs, property taxes or insurance.

Another benefit: You don't have to hassle with selling the real estate. You can deed the property directly to the House or ask your attorney to add a few sentences in your will or trust agreement.

Ways to Give Real Estate

You can give real estate to the House in the following ways:

An outright gift+

When you make a gift today of real estate you've owned longer than one year, you qualify for a federal income tax charitable deduction equal to the property's full fair market value.

This deduction lets you reduce the cost of making the gift, and it frees cash that otherwise would have been used for taxes. By donating the property to us, you also eliminate capital gains tax on its appreciation.

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A gift in your will or living trust+

A gift of real estate through your will or living trust allows you the flexibility to change your mind and the potential to support our work with a larger gift than you could during your lifetime.

In as little as one or two sentences, you can ensure your support for the House continues after your lifetime.

A retained life estate+

Perhaps you like the tax advantages a gift of real estate would offer, but you want to continue living in your residence for your lifetime.

You can transfer your personal residence or farm to the House but keep the right to occupy (or rent out) the home for the rest of your life. You continue to pay real estate taxes, maintenance fees and insurance on the property. Even though the House wouldn't take possession of the residence until after your lifetime, since your gift can't be revoked, you'd qualify for a income tax deduction for a portion of your home's value.

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A deferred charitable gift annuity+

Are you tired of the hassles of maintaining your property such as paying taxes, utilities and repair bills? Consider donating the property to the House in exchange for reliable payments for life for you (and someone else, if you choose). When you arrange a charitable gift annuity, you receive a federal income tax charitable deduction in the year you set up the gift annuity when you itemize on your taxes. If you use appreciated real estate to make a gift, you can usually eliminate capital gains tax on a portion of the gift and spread the rest of the gain over your life expectancy. A gift of unmortgaged property to fund a deferred gift annuity is preferable and generates the greatest tax benefit.

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A bargain sale+

Want to sell us your property for less than the fair market value? A "bargain sale" may be the answer.

When you make a bargain sale, you sell your property to our organization for less than what it's worth. The difference between the actual value and the sale price is considered a gift to us. A bargain sale can be an effective way to dispose of property that's increased in value.And it's the only gift vehicle that provides you both a lump sum of cash and a charitable deduction (when you itemize) at the same time.

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A charitable remainder unitrust+

You can contribute any appreciated real estate you've owned for more than one year, provided it's unmortgaged, in exchange for an income stream for life or for a term of up to 20 years. The donated property may be a residence (a personal residence must be vacant upon contribution), undeveloped land, a farm or commercial property.

Real estate works well with only certain variations of charitable remainder trusts. Your estate planning attorney, who will draft your trust, can give you more details.

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A charitable lead trust+

This gift can be a wonderful way for you to benefit the House and simultaneously transfer appreciated real estate to your family tax-free. You should consider funding the charitable lead trust with real estate that is income-producing and expected to increase in value over the term of the trust.

A memorial or endowed gift+

A gift of real estate may be a perfect way to honor your loved one in perpetuity. When you make an endowed gift of real estate, your contribution is invested with and becomes part of our endowment.

An annual distribution is made for the purpose you designate. Because the principal remains intact, you'll gift will always provide support for our families.

A donor-advised fund+

When you transfer real estate to your donor-advised fund, you avoid capital gains taxes and qualify for a federal income tax deduction based on the fair market value of the property when you itemize on your taxes.

An Example of How It Works

Women smiling in front of house Janet purchased a rental property years ago and has watched it grow steadily in value. Still active in her career and traveling frequently, she's beginning to find management of the property more and more of a hassle. At this stage of her life, Janet has decided to move to a 55+ condominium development, where all exterior maintenance is provided and she doesn't have to worry about security issues. Janet sees this as an opportunity to give her rental property to a charity that's important to her while realizing valuable tax benefits.

Janet avoids capital gains tax on the appreciation and qualifies for a federal income tax charitable deduction of $250,000, which is the property's fair market value today. She is able to claim 30 percent of her $200,000 adjusted gross income, or $60,000, in the year of the gift. In the five years following, she can continue to use up the remaining $190,000 deduction. Janet is happy in her new condo and loves knowing that the gift of her property will make a big difference supporting our mission.

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Make a Gift Today

Learn more about the many ways to use real estate to support Ronald McDonald House Charities of San Diego in the FREE guide 7 Ways to Donate Real Estate.

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Next Steps

  1. Contact Debbie Kamens at 858-598-2415 or dkamens@rmhcsd.org to discuss the possibility of giving real estate to the House.
  2. Seek the advice of your financial or legal advisor to make sure this gift fits your goals.
  3. If you include the House in your plans, please use our legal name and federal tax ID.

Legal Name: Ronald McDonald House Charities of San Diego, Inc.
Address: 2929 Children's Way, San Diego, CA 92123
Federal Tax ID Number: 95-3251490

Grantor Charitable Lead Annuity Trust

Provides income payments to a qualified charitable organization for a period of years, the lives of one or more individuals or a combination of the two; after which, trust assets are paid to the donor of the trust.

Testamentary means bequeathed through one's will.

A charitable bequest is one or two sentences in your will or living trust that leave to Ronald McDonald House Charities of San Diego a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

I hereby bequeath [insert amount, percentage of the estate, or "the rest and remainder of my estate"] to Ronald McDonald House Charities of San Diego, Inc., a not-for-profit corporation, located in San Diego, California, to be used at the discretion of the Board of Trustees of Ronald McDonald House Charities of San Diego. Federal Tax ID #95-3251490

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor-advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to the House or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust (CRT) provides income to you, as the donor of the CRT, or to other named individuals, and does so each year for life or for a period not exceeding 20 years. The remainder of the assets go to your chosen charity.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to the House as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to the House as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and the House where you agree to make a gift to the House and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

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