Welcome | Log In
You ask your donor the Perfect Question, and when you do, they inform you that they no longer use their condo in Florida, and as such want to get rid of it. With a little more conversation, you find that they're interested in learning more about how to use the condo to make a difference for your organization.
In determining if the condo will make a smart gift for your organization and your donor, there are a number of questions that you need to have answered:
1. What is the property type?
Gifts of real estate can be a) very advantageous to both your donor and your organization, and b) complicated.
Below, please find some suggested reading that can help familiarize you with four important aspects of real estate gifts.
I. Getting Familiar with the Tax Issues
Please review some of the tax issues related to real estate gifts.
Prominent news magazines like Slate, Esquire, Forbes, Corp. Magazine have featured at least two articles in the past 12 months on table etiquette. The world of high net worth is returning to more formal settings. So we will too!
When talking with your donors about a CGA, make sure you include this alternative which might be a really smart move for your donor.
"The oldest of America’s 72 million baby boomers are turning 68 this year, the average age at which individuals create charitable remainder trusts. That's likely to produce a surge in such trusts in the next 20 years."