In this issue of Professional Notes:
Charitable Contributions of Real Estate
 
For many individuals, real estate represents a significant portion of their wealth. The availability of a variety of planning techniques can make charitable gifts of real estate financially appealing to donors. Real estate is, therefore, a logical candidate for charitable giving. But as an asset class, real estate tends to be illiquid and presents other planning challenges as well.

Gifts of real estate require the donor and the charity to work closely with each other to develop a plan that is agreeable to both. Donors will need advice from their own tax, financial, and legal advisors to make sure they are optimizing the tax and financial benefits associated with their gift.

This article concentrates on outright, lifetime, charitable gifts of a future or fee interest in real estate. Many concepts of general relevance to gifts of unusual assets - such as deductibility, appraisals, and the use of entities - are covered in less detail.

Read Charitable Contributions of Real Estate.
 

Also in this issue:

• Ten reasons for recommending The Rhode Island Foundation to your clients

Read Professional Tax & Estate Planning Notes, April 2011.