Real Estate Gifts and Non-Profit Retirement Communities

October 11, 2010 I have recently had occasion to work with several non-profit retirement communities, helping them attract and structure real estate gifts.  My experience with such communities is that their residents may have disposed of their primary home (though some still own them), but many of them continue to own a summer home on … Read more…

Why Not a Charitable Gift Annuity Funded with your Property?

October 9, 2010 Let’s say that you are in your 70s, and have for some years not been getting much use out of your vacation home on the shore. Instead, you’ve been renting it out more and more, and have become rather accustomed to the extra cash flow from your property. But now, as you … Read more…

The Buy vs. Lease Decision

October 7, 2010 I am a fan of the work of the Nonprofit Finance Fund.  Through consulting services, financing, and advocacy, they help all sorts of nonprofit organizations stay in financial balance, so that they’re able to successfully adapt to changing financial circumstances — in both good and bad economic times — and grow and … Read more…

IRS Study Documents Increase in Real Estate Gifts

October 1, 2010 Starting with Tax Year 2003 the IRS has been producing reports called “Individual Noncash Charitable Contributions.”  IRS researchers have examined Form 8283 (Noncash Charitable Contributions) used to substantiate charitable deductions greater than $500 claimed on Schedule A (Itemized Deductions) of Form 1040. In the spring of 2010 such a study was issued … Read more…