Want to make a big impact for The Trust for Public Land without touching your bank account? Consider a gift of real estate. Such generousity will help us continue our work for years to come. And a gift of real estate also helps you. When you give us appreciated property you have held longer than a year, you get a federal income tax charitable deduction. You avoid paying capital gains tax. And you no longer have to deal with the 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 Trust for Public Land now, or ask your attorney to add a few sentences in your will or trust agreement that will provide for the transfer at a future date.
You can give real estate to The Trust for Public Land in the following ways:
Submit a few details and see the benefits of an outright gift.
An outright gift. When you make a gift today of real estate you have 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 reduces the cost of making the gift and frees cash that otherwise would have gone to pay taxes. By donating the property to us, you also eliminate capital gains tax on the property’s appreciation. The transfer is not subject to the gift tax, and reduces your future taxable estate.
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 make during your lifetime. In as little as a sentence or two, you can ensure that your support for The Trust for Public Land continues after your lifetime.
Submit a few details and see the benefits of a retained life estate.
A retained life estate. Perhaps you like the tax advantages a gift of real estate to The Trust for Public Land would offer, but you want to continue living in your home for your lifetime. You can transfer your personal residence or farm to The Trust for Public Land but keep the right to occupy it (or rent it out) for the rest of your life. (While you continue to pay real estate taxes, maintenance fees and insurance.) Even though we will not actually take possession of the residence until after your lifetime, since your gift cannot be revoked, you qualify for a federal income tax charitable deduction for a portion of your home's value.
Submit a few details and see the benefits of a charitable remainder unitrust.
A charitable remainder unitrust. Gifts of real estate work especially well with certain types of charitable remainder trusts. You contribute to the trust any type of unmortgaged, appreciated real estate you've owned for more than one year, in exchange for an income stream for life or a term of up to 20 years. The donated property may be a vacant personal residence, undeveloped land, a farm or commercial property. Real estate works well with only certain types of charitable remainder trusts. Your estate planning attorney, who will draft the trust, can give you more details.
A charitable lead trust. This gift can be a wonderful way for you to benefit us and also transfer appreciated real estate to your family-tax-free. The best real estate for funding charitable lead trusts that is income-producing and expected to increase in value over the term of the trust.
* Please be aware that we thoroughly evaluate all gifts of real estate. If you are interested in making a gift of real estate to the Trust for Public Land, please contact Christine Lambert Pentino to discuss your philanthropic goals for your property.
Legal Name: The Trust for Public Land
Address: 101 Montgomery Street, Suite 900 San Francisco, CA 94104
Federal Tax ID Number: 23-7222333
Learn more about the many ways to use real estate to support The Trust for Public Land in the FREE guide 7 Ways to Donate Real Estate.View My Free Brochure
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.
A charitable bequest is one or two sentences in your will or living trust that leave to The Trust for Public Land 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 planBequest Language
I hereby give to The Trust for Public Land, a nonprofit California public benefit corporation with business address of 101 Montgomery Street, Suite 900, San Francisco, California 94104, and with a tax identification number of 23-7222333, the sum of _________ dollars [or otherwise describe the gift or assets] for its general purposes and use at the discretion of The Trust for Public Land's Board of Directors.
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 Trust for Public Land 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 provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.
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 Trust for Public Land 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 Trust for Public Land 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 Trust for Public Land where you agree to make a gift to The Trust for Public Land 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.