You can make a gift of real estate — such as a personal residence, vacation home, commercial property or undeveloped land — either outright or in your estate plans. When you give appreciated property that you have held longer than one year, you qualify for a federal income tax charitable deduction, and you may minimize or eliminate capital gains tax.
We encourage you to seek legal and/or tax advice when making a legacy plan. We’re happy to discuss these gifts with you so that you can determine the best option for you and your family. To begin a confidential discussion with our legacy gift team, please contact Dana Wilson, Director of Major Gifts, at dana.wilson@soar365.org or (804) 665-1213.