Real Estate
Why Give?
The Benefits of Giving Real Estate (depending on gift plan)
Gift to the Boy Scouts
Significant Tax Savings
Income
Simplify Affairs
Efficient Wealth Transfer
What to Give?
Personal residence/farms
Commercially developed property
Natural resource property
Undeveloped property
Undivided fractional interest
How to Give
Outright
Retained use
Gift in return for income (usually 5% rate)
Via bequest
Donate income for fixed term
Outright Gifts
Immediate impact for Boy Scout
Immediate deduction for appraised value
Property types can range from residential property, commercial real estate, farm and farmland, vacant land, etc.
Retained Life Estate
A residence, vacation home or farm can be donated to Boy Scouts, retaining a life estate. Continue to occupy residence/derive income from farm-No change enjoyment of property/lifestyle. Immediate charitable deduction for appraised value, less value of retained tenancy.
