Gifts of Real Estate
A gift of your appreciated real property (such as your home, vacation property, vacant land, farmland, or ranch) can make a great gift to the EFCA Foundation.
Here are some of the benefits you may enjoy:
- Avoid paying capital gains tax.
- Receive a charitable income tax deduction.
- Leave a lasting legacy to the Evangelical Free Church of America.
How you make a gift of real property:
Your real property may be given to EFCA Foundation by executing or signing a deed transferring ownership. You may deed part or all of your real property to the Evangelical Free Church of America. Your gift will generally be based on the property's fair market value, which must be established by an independent appraisal.
Can you make a gift of mortgaged property?
Please contact us if the property you wish to give has existing debt or a mortgage. Check with us on the capital gains tax implications of your gift. You also may be interested in life income options.
Contact us
If you have any questions about gifts of real estate, please contact us. We would be happy to assist you and answer any questions that you have.
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PRIVACY STATEMENT
This site is informational and educational in nature. It is not offering professional tax, legal, or accounting advice.
For specific advice about the effect of any planning concept on your tax or financial situation or with your estate, please consult a qualified professional advisor.