Gifts of Real Estate
Gifts of real estate that is not mortgaged and has been held more than 12 months qualify for a charitable income tax deduction based on the appraised fair market value of the property, regardless of what the donor originally paid for it. If the property has appreciated in value, the donor will usually avoid the capital gains tax on the property’s appreciation.
The donor may deed the property outright to the American Pain Foundation, establish a life-income arrangement (such as a charitable remainder trust), or even transfer ownership while retaining the right to reside on the property for the rest of his/her life or a term of years, after which the property reverts to APF (a "retained life estate").
If you would like more information about any of these options, please contact
Michael W. DeVito
Director of Philanthropy
American Pain Foundation
201 N. Charles Street, Suite 710
Baltimore, MD 21201-4111
Toll Free Telephone:
1-888-615-PAIN (7246)
Telephone:
(410) 783-7292, ext. 305 (Voice)
(410) 385-1832 (Fax)
Email: donate@painfoundation.org
We recommend that you consult with your attorney or tax advisor for the various tax benefits and restrictions that may apply to your specific situation. We are available to help you answer general questions or help arrange a planned gift to the American Pain Foundation. APF’s future work to eliminate the undertreatment of pain and pain related suffering depends on the partnerships we form today. Thank you!
