Gifts of Real Estate
You can make a gift of commercial or residential real estate to NORCAL Golden Retriever Rescue and receive substantial financial benefits. If you wish to give the property outright, you qualify for a charitable income tax deduction based on the appraised value of the property. If you are contemplating leaving your home to NORCAL Golden Retriever Rescue through your will, you may want to consider giving it now but retaining the right to live in it for your lifetime. You will continue to pay taxes, insurance, and maintenance costs. However, by giving now, you will receive a substantial charitable income tax deduction in the year that the gift is made.
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