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Gifts of Real Estate
A gift of real estate, such as a personal residence, or vacation home, commercial property, or even vacant land, is a creative way to support
Tohono
Chul
Park
and create significant tax benefits. These benefits include a charitable income tax deduction for the full fair-market value, avoidance of capital gain tax on the property's appreciation at the time the gift is made, and potentially reduced estate taxes and probate costs.
A retained life estate gift allows you to give the Park your personal residence while retaining the right to live in it for your lifetime. Real estate can also be used to fund a charitable remainder trust, which will provide you with income for life or a term of years.
Of course, you can also give the property outright to
Tohono
Chul
Park
, subject to the Park’s approval.
As with all planned gifts, please be sure to seek the advice of your own financial advisor and attorney.
To learn more, contact
Thomas E. Buchanan
Director, Development and Marketing
tombuchanan@tohonochulpark.org
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