Real Estate: Real Power to Leave Your Legacy

Real estate often comprises more of our individual personal wealth than do stocks, bonds, or outright cash. Imagine the good that those dollars could do for Vail Health and other nonprofits that you love.

You may view the process as complicated and time-consuming, and possibly contentious with heirs and other family members, but there are incredible opportunities for return with a gift of real estate.

Who Should Consider a Gift of Real Estate?

Nearly anyone who has appreciated real estate assets available—a primary residence, vacation condo or second home, commercial property, or small rental units, for example—can leverage their properties to achieve their philanthropic goals.

Also, keep in mind these factors that create the most favorable conditions for donating real estate. The donor:

• plans to use the charitable deduction
• owns property that has appreciated in value
• owns property debt-free or with a relatively small loan on the property 

Why Consider a Gift of Real Estate?

Giving real estate must first—and always—stem from your goodwill to help our organization so that we can continue our mission and service.

But there are financial and philanthropic benefits that make gifts of real estate an enticing option. They may include:

• Receiving an income tax charitable deduction, equal to the appraised fair market value of the property.
• Eliminating capital gains tax that would result after first selling the property and then donating to the nonprofit.
• Getting cashback from the gift transaction, a lifetime income stream, or being able to live on the property after the gift is complete.

Assemble an Expert Team

Your team should include a financial advisor, estate planning attorney, and a gift planning professional, as well as a consultation with your heirs and family members. We would be happy to help you and your advisors as you consider a gift of real estate to Vail Health Foundation. Contact Aaron Ciszek at (970) 569-7574 or aaronc@vailhealth.org or Anne Walters at (970) 569-7648 or anne.walters@vailhealth.org.

The information in this publication is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.