Gifts of Real Estate
Donating appreciated real estate, such as a home, vacation property, undeveloped land, farmland, ranch, or commercial property can make a great gift to Third Millennium Ministries.
Benefits of gifts of real estate
- Avoid paying capital gains tax on the sale of the real estate
- Receive a charitable income tax deduction based on the value of the gift
- Leave a lasting legacy to Third Millennium
How to make a gift of real estate
Your real estate property may be given to Thirdmill by executing or signing a deed transferring ownership. You may deed part or all of your real estate property to Thirdmill. Your gift will generally be based on the property's fair market value, which must be established by an independent appraisal.
Contact us
If you have any questions about gifts of real estate, please contact us. We would be happy to assist you and answer any questions that you have.
Beneficiary Designation
A beneficiary designation is the act of naming the person who will inherit an asset in the event of your passing. Examples include financial accounts, retirement accounts, life insurance policies, and trusts.
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