A charitablegift unearthedGift of Real Estate

Making a charitable gift of real estate through your community foundation can

help you turn your property gains into community good. The value of your real estate

may exceed that of any other asset you own. With the help of your community

foundation, you can use it to fulfill your charitable interests and receive financial and

tax benefits.

How it works

• You identify real estate property that you would like to give; an appraisal will help youestablish its estimated market value.

• We assess the real estate for compliance with our acceptance policies and gatherappropriate documentation.

• Your gift can be placed in any of our charitable funds. For example, you can use yourgift to create a Donor Advised Fund in your name, in the name of your family orbusiness, or in honor of any person or organization you choose. You can then stayinvolved in recommending uses of the fund.

• Your gift quali�es for a tax deduction based on its full market value; you avoid thecapital gains tax that would otherwise arise from the sale of the property.

• With gifts of real estate, your property gains translate into community impact, so youget a more rewarding return on a major asset.

• We handle all the administrative details.

• Your gift can be placed into an endowment that is invested over time. Earnings from yourfund are used to make grants addressing community needs. Your gift—and all futureearnings from your gift—is a permanent source of community capital, helping to do goodwork forever.

© 2006 COF & CFA

TOOLS FOR GIVING

Real charitable value

Sandra and Cli� Stewart owneda summer home and had noheirs interested in inheriting it.At �rst, the Stewarts planned tosell the home and give theproceeds to charity. But aftertalking with their local communityfoundation, they realized thatgiving the home directly to thefoundation would create thebiggest, most e�ective gift, whileproviding the greatest bene�tsto them as donors. “It was agreat option—we could giveour house to charity through thefoundation and start any type offund, not to mention the taxbene�ts,” says Sandra. TheStewarts learned they could alsoretain use of the home for theirlifetime. “This way,” Cli� explains,“we can spend our summersenjoying the home for the rest ofour lives. And after our lifetime,the community foundation willuse the proceeds to make grantsfrom the Sandra and Cli�Stewart Fund.”

Gift of Real Estate

More benefits

A gift of real estate releases potential that has been tied up for years, enables you to makea bigger charitable di�erence than you may have thought possible, helps you avoid estatetaxes, and minimizes or eliminates burden placed on your heirs. Charitable gifts of realestate range from personal residences and vacation homes to rental properties,farmland, and commercially developed land.

You may choose to give real estate outright and receive an immediate tax deduction orretain the use of the property during your lifetime and make a planned gift to yourcommunity foundation. You may also choose to convert real estate into a streamof income for the rest of your life by establishing a Charitable Remainder Trust orCharitable Gift Annuity with the community foundation. Doing this lets you transform alow-yield asset into a higher-yield, income-producing asset and claim a tax deduction forthe charitable portion of the gift.

Ten reasons peoplechoose to give throughcommunity foundations

oneWe are a local organizationwith deep roots in the community.

twoOur professional program staffhas broad expertise regardingcommunity issues and needs.

threeWe provide highly personalized service tailored to each individual’scharitable and financial interests.

fourOur funds help people invest in the causes they care most about.

fiveWe accept a wide variety of assets, and can facilitate even themost complex forms of giving.

sixWe partner with professionaladvisors to create highly effectiveapproaches to charitable giving.

sevenWe offer maximum tax advantagefor most gifts under federal law.

eightWe multiply the impact of giftdollars by pooling them with othergifts and grants.

nineWe build endowment funds thatbenefit the community forever andhelp create personal legacies.

tenWe are a community leaderconvening agencies and coordinatingresources to create positive change.

Community foundations provide a simple, powerful, and highly personal

approach to giving. We o�er a variety of giving tools to help people

achieve their charitable goals.

You can make a gift of cash, stocks, bonds, real estate, or other

assets to your community foundation. Most charitable gifts qualify for

maximum tax advantage under federal law. For more information and

ideas on ways to integrate your �nancial planning with charitable giving,

ask your �nancial advisor or contact your community foundation.

The Wolf Center for Philanthropy 14 W. Market St. York, PA 17401-1617

717.848.3733 (York) 717.630.1843 (Hanover) 717.854.7231 (FAX) mbernosky@yccf.orgwww.yccf.org

Mary Kay Bernosky, Esq., Vice President of Development

For more information, contact: