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 the Western Massachusetts Council, BSA.
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 the Western Massachusetts Council, BSA
How to make a gift of real estate
Your real property may be given to the Western Massachusetts Council, BSA by executing or signing a deed transferring ownership. You may deed part or all of your real property to the Western Massachusetts Council, BSA. Your gift will generally be based on the property's fair market value, which must be established by an independent appraisal.
Have any Questions?
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.
The Western Massachusetts Council, BSA does not provide legal or tax advice. All material is presented solely as educational information. Examples of tax benefits are based on assumptions that might not apply to your individual circumstances. We recommend that you seek the advice of your attorney, tax advisor, and financial planner in connection with all gift and estate planning matters.
Let us help you create a meaningful legacy to the Western Massachusetts Council, BSA