Real Estate
A home... a cottage... business property... undeveloped land. If you have real estate assets that you would like to use for a charitable gift, Grand Rapids Community Foundation can help.
We can accept the gift outright, or show you how a charitable trust can be used to convert your asset into a gift that also produces an income.
Because each gift of real estate is unique, a Grand Rapids Community Foundation staff member would be happy to meet with you to discuss the logistics of making such a gift.
Key benefits to remember:
- Charitable deduction based on the appraised fair market value, not the original investment
- No capital gains tax
- No minimum required
- Substantial tax savings
- Reduces the size of your estate
© Grand Rapids Community Foundation - 161 Ottawa Avenue NW 209 C - Grand Rapids, Michigan 49503 - 616.454.1751
