Gifts of Real Estate
Donate a valuable asset in exchange for powerful tax benefits and possibly an income stream for you and/or your loved ones.
How It Works
- You deed your home, vacation home, undeveloped property, or commercial building to the Elim Park Foundation.
- The Elim Park Foundation may use the property or sell it and use the proceeds.
Benefits
- You receive an income tax deduction for the fair market value of the real estate.
- You pay no capital gains tax on the transfer.
- You can direct the proceeds from your gift to support the overall mission of the Elim Park Foundation.
Download a brochure on this topic:
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- You can donate your property yet continue to use it.
- More details about gifts of real estate.
- Frequently asked questions on gifts of real estate.
- Contact us so we can assist you through every step.
The Elim Park Legacy Foundation is a 501(c)(3) organization that secures philanthropic support to elevate the resident experience at Elim Park Baptist Home by funding enhanced amenities, specialized care, and innovative wellness programs that promote the quality of life while providing donors with a sense of purpose, tax benefits, and a lasting legacy.