Donate California Real Estate to Charity
Donate Property / Commercial Real Estate / Land / California
California Real Estate Donation
California is a state that has many diverse needs. Deserving charitable organizations and private individuals are in great need throughout the state of California, which makes a California property donation ideal for willing participants in the state. A California property donation is a way for businesses and private property holders to give their unused or unwanted real estate property to a charity so that it can either be repurposed or used to generate a stream of income that can then in turn be used to support a needy and deserving organization.
In very basic terms, a property owner or owners transfer ownership of their property to a charity that either rehabilitates and uses the property, hands control of a property over to another charitable organization or humanitarian program, or sells the property to generate money that is used to support one or (more likely) many individuals, programs, or organizations. Given the variety of properties in California and the diverse needs of the state's inhabitants, there is virtually no limit to the uses for a California real estate donation.
California Tax Deduction = Current Market Value
The size of the tax deduction is determined by the current market value of the California property, as opposed to the cost of the property when it was purchased. So if you purchased your property in 1968 for $92,000 and today it is worth $992,000, the current value is what you base your tax deduction on and in this case it will be quite substantial. Real Estate Tax Deduction
Why Donate Real Estate California
A donation of real estate or real property in California provides much needed land, structures, and money for organizations and individuals in the state, but it also benefits the donor. Through house donation or land donation California, the owner of an unwanted or under-used property can:
Qualify for large tax deductions—based on the current fair market value rather than purchase price
Free him/herself from responsibility, liability, property taxes, insurances, and other financial obligations associated with upkeep and maintenance of a property
Prevent forfeiture of a gifted property due to inability to sell or maintain property
Secure an alternative means of unloading a cumbersome property without having to deal with real estate brokers or pay fees involved in the sale of real estate
Surely, property donation in California is worth pursuing for any person that is holding an unwanted property (or for those who simply wish to use their property equity to the advantage of others). Options exist for present-day property donation and for planned property donations which allow the current use of the property and transfer upon the demise of the owner. This great variety of options is open to both those with and without mortgages and financial responsibilities tied to the subject property.
To learn more about how you can donate and reap the many personal and financial rewards of donating property in California, talk with a qualified and experienced volunteer representative at Real Estate With Causes.
Donate Beverly Hills Real Estate
Hollywood Property Donation
Manhattan Beach Real Estate Donation
Donate Property Compton
El Segundo Property Donation
Donate Glendale Real Estate
Culver City Property Donation
Donate Los Angeles Real Estate
Redondo Beach Real Estate Donation
Torrance Property Donations
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