Leverage the value of property while securing the future of the Jewish Community. Your charitable future may be in your possession right now.
The Real Estate Committee of the Dallas Jewish Community Foundation is a group of professionals with years of experience evaluating, marketing, and selling real estate. This committee manages the acceptance and subsequent sale of your property, and provides a simple way for you to reap the rewards of a charitable donation instantly.
A donation of real estate allows you to achieve your charitable goals and provides you with the maximum benefits allowed by law. The retained right of use of the property can be for the lifetimes of the contributor and a surviving beneficiary, and it does not need to be the primary residence (it can be a second or vacation home.)
A house or condominium
An apartment building
Undeveloped land
A shopping center
A vacation home
A commercial or industrial building
An undivided interest in real estate
Your Giving Options:
Once you decide to make your gift, you are able to choose from several giving options. The experts at the Dallas Jewish Community Foundation will help you decide which of these options is right for you.
You purchased a piece of land for $20,000 which is worth $200,000 today. An outright sale of this land results in a capital gains tax of $27,000 on the appreciated value. In other words, you walk away from the sale with a little over $170,000… significantly less than the $200,000 in value the land represented.
In a case like this, using the land as a charitable gift allows you to bypass the $27,000 in capital gains tax, preserving 100% of the current value. In addition, you receive a charitable income tax deduction to offset other tax liabilities. This deduction is equal to the fair market value of the land ($200,000) and may provide as much as $60,000 in actual tax savings (using a 30% marginal tax rate as an example) in the year of the gift. The charity, now holding the deed to the land, is able to sell the property and benefit from the full $200,000 value of the asset.
So in effect, the land has been leveraged to deliver about $260,000 in combined tax savings to the donor and philanthropic value to the charity.
Accomplish your personal financial goals while supporting the causes you care about the most
Attain a level of giving not possible otherwise receive the maximum tax deduction allowed by law
You avoid capital gains tax
Remove an asset from your estate for estate-tax purposes. Diversify your assets and establish an income stream for your lifetime.
Leave a Legacy
A planned gift to the Dallas Jewish Community Foundation today will allow you to be there for your family, your community and the Jewish people – where and whenever help is needed in the future.