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Planned Giving: Real Estate

 

Appreciated real estate is welcome as a gift to VNHC.  You can give an outright gift of real estate NOW, and avoid capital gains tax on the sale of your appreciated property.  You’ll receive a charitable income tax deduction for the entire fair market value of the property as appraised on the date of the gift.

Or you can gift your real property, e.g. rental unit, vacation home, vacant property, to a Charitable Remainder Trust which will provide a FUTURE gift to VNHC.  This will  avoid capital gains on the sale of a highly appreciated piece of property, and enable the full value to be put to work earning income for you and your spouse for the rest of your life. Payout rates average between 6-8% depending upon your age and personal choices, and generally far exceed your net income from maintaining a rental property.

A Retained Life Estate is an easy way to make a lifetime gift of a significant asset—your personal home---without relinquishing its use during your lifetime.  A charitable income tax deduction may be claimed at the time you deed your property to VNHC and complete a simple agreement providing for your continued use and maintenance of the home for the rest of your life.  No gift or estate tax is due on the residence, vacation home or farm given to Visiting Nurse & Hospice Care.

For more information, call Pat Snyder, Foundation Executive Director/Gift Planning Officer, at 690-6222