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Gifts of Real Estate
Abington Memorial Hospital Foundation is happy to consider gifts of
residential, commercial and undeveloped real estate. As with donations of other
types of appreciated property, gifts of real estate secure a charitable income
tax deduction for you, based on the fair market value of the property, with
no capital gains liability for the transfer to us.
You can deliver real estate to AMHF in
several ways:
- Through an outright donation;
- Through the donation of a fractional interest in the property;
- As the basis for a gift plan that will pay you income, like
a flip unitrust.
- By giving us your home and reserving the right to continue
living there for your lifetime (a retained life
estate);
- Through a part sale/part gift arrangement with us (a charitable
bargain sale).
When you are considering a gift of real estate, keep two
considerations in mind:
- First, we will gratefully review your gift offer and
evaluate the condition and marketability of the proposed real estate, reserving
the final say on acceptance.
- Second, the IRS requires donors of real estate to secure
an independent appraisal to establish the fair market value of the property.
We can assist you in following the IRS procedures for this appraisal.
WARNING: Consult your legal and tax advisors before making any material decisions based on this information.
Send me a Personal Illustration!
For more information
If you are considering this gift, please complete the personal illustration form so that we can assist you through every step of the process or contact us at:
Abington Memorial Hospital Foundation
1200 Old York Road
Abington, PA 19001
215-481-4019 | Fax: 215-481-4019
E-mail: acarthy@amh.org
*Notice: Consult your legal and tax advisors before making any material decisions based on this information.
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