Real Estate
Donating real estate to Oasis Sanctuaries can bring tremendous benefits to both our organization and to you! The value of your charitable deduction is based on the current market value of the real estate, not the price you paid, and an outright donation of real estate is not subject to capital gains taxes.
WHY DONATE REAL ESTATE ?
When you donate real estate to Charitable Gift Annuity with Oasis Sanctuaries Inc., there are no capital gains taxes paid by either you or our organization, an you receive a tax deduction as well as receiving several other benefits :
You may donate a variety of types of property including commercial, residential or industrial, as well as undeveloped land. Generally, we will arrange to sell the property upon transfer of ownership and use the proceeds to fund our programs. The amount of your deductible charitable gift is based on the findings of an independent real estate approasial that you obtain.
Outright gifts of real estate are not subject to capital gains costs. However, if you sell the property and then donate the proceeds from the sale, you are responsible for any capital gains costs.
If your real estate has depreciated, it may be more advantageous to you to sell the real estate, take the capital gains loss on your tax return and donate the proceeds of the sale to Oasis Sanctuaries. We encourage you to consult your tax advisor before making any decisions.
You also have an option to make a gift of “Retained Life Estate” in which you retain the right to live in your home, a vacation home or a farm the remainder of your life. In this case, the real estate is considered your property for payment of taxes, insurance and upkeep costs. Your tax deduction will be determined using a formula provided by the IRS.
Help further the work and mission of our organization.
HOW OASIS SANCTUARIES INC BENEFITS :
Your may designate your fit of real estate to Oasis Sanctuaries Inc. for a specific program or instruct us to use it toward the greatest need. Whichever way you choose, you will be confident that you are investing in the continuation of the important work of our nonprofit.
HOW TO BEGIN :
Before donating any gift of real estate, please contact Oasis Sanctuaries Inc. We will ask you to have environmental studies and other due diligence performed at your expense. We will also assess the market to be certain we will be able to sell the property in a timely manner.
If you are interested in a gift of retained interest real estate, please contact us to begin a conversation to explore this option.
Before making any planned gift, please notify us of your intentions so we can discuss options with you and plan accordingly to honor your desires. Please email our Philanthropy Team.
We are also glad to speak with you, or your financial advisor or attorney, to discuss this giving option in complete confidence and without any obligation. Please call to arrange a conversation : (805) 709-5193 or email our Philanthropy Team.
If you have any questions, email our Philanthropy Team.
*This information is provided without obligation as a service and does not constitute tax or legal advice. We encourage you to consult your tax advisor, lawyer or other financial advisor before making any decisions about contributions from your estate or assets.