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Planned Giving
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Case Study

When the burden of property ownership outweighs the benefits, it might make sense to opt for a change: Sell the house, unload the vacation home or put your office building on the market. Before you make a move, however, consider the possibilities a charitable donation of real estate brings. Here's a hypothetical example.

How It Works
Janet purchased her home years ago and has watched it grow steadily in value. Still active in her career and traveling frequently, she's beginning to find home ownership 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 existing house to a charity that's important to her while realizing valuable tax benefits.

Question MarkQuick Tip
Take charge of your tax dollars. Ask us how we can help redirect your tax dollars to something you feel passionate about supporting.

The Tax Benefits
Janet receives an income tax charitable deduction of $250,000, which is for her home'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 uses her deduction over time because the deduction for a gift of appreciated real estate in any year is generally limited to 30 percent of a person's adjusted gross income, with a five-year carryover of the unused deduction.

We Can Help
To learn more about supporting Saint Ignatius College Preparatory today with a gift of real estate, contact Joe Vollert '84 at 415-731-7500, Ext. 319 or

Copyright © The Stelter Company, All rights reserved.

The information on this website is not intended as legal or tax advice. For legal or tax advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes apply to federal taxes only. State income/estate taxes or state law may impact your results.

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