Gifts of Real Estate
Why Give Real Estate?
Every real estate gift is unique. While donating appreciated property to charity is certainly achievable, this type of gift requires a level of expertise and administration that smaller community foundations and traditional financial institutions are usually not equipped to provide. Community Foundation Tampa Bay’s experience, scale, and specialized staff position us to work closely with donors and their professional advisors to structure the gift appropriately and facilitate the process.
Potential Benefits of Donating Real Estate:
- Avoid the burden of selling the property yourself.
- Bypass capital gains tax.
- Receive charitable income tax deduction for the appraised value of the property.
- Maximize your charitable impact with a tax-free sale.
Types of Real Estate You Can Donate:
How It Works
- Start the Conversation
Connect with our team to discuss your goals and the type of real estate you would like to give.
- Property Review and Planning
Our team conducts due diligence and works with your advisors to review the property, including factors such as valuation, marketability, ownership structure, and potential tax considerations.
- Complete the Gift
Once the gift is approved, ownership of the property is transferred to Community Foundation Tampa Bay. Typically, the property may then be sold, with proceeds directed to your charitable fund.
- Support the Causes You Care About
Your fund can provide ongoing support for the nonprofits and charitable initiatives that matter most to you, creating impact both now and in the future.
How Roger and Natalie Created their Charitable Legacy With Real Estate
Roger and Natalie Parker had owned a rental home since 1991. When their tenant moved out, they realized they no longer wanted to keep the property. Although they considered selling, the potential capital gains tax and the effort required to manage the sale made them hesitant. A friend recommended that they reach out to Community Foundation Tampa Bay to explore donating the home instead.
After meeting with our philanthropy team, the Parkers chose to donate the property to the Foundation for the benefit of their own fund. They received a charitable income tax deduction based on its appraised value. The Foundation then sold the home tax‑free and deposited the proceeds into their Donor Advised Fund. Today, Roger and Natalie use this fund to make ongoing grants to causes they care about, including health and human services and animal welfare.
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Ask Max
Our AI charitable planning assistant can help you compare gift options, understand potential benefits, and answer common questions as you consider the best way to support the causes you care about.
- Secure, expert-informed guidance to support your charitable planning
- Quick answers to common charitable giving and estate planning questions
- Interactive gift comparison tools to help you evaluate your options
Chat with Max™ now or connect with a member of our team below to start the conversation and learn more.
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