How to Give Real Estate
Practically any marketable real estate may be contributed to the DVSAC foundation, provided the property is unencumbered. Real estate accepted outright by DVSAC is immediately sold and the proceeds benefit the General Fund. Our most important major funding goal is the annual campaign, however, we respect that some donors might desire to split their gift to support a variety of programs at DVSAC.
A gift of real estate may entitle you to a charitable deduction of the full fair market value of the property. For gifts of long-term appreciated real estate, the deduction limit is 30% of adjusted gross income with a five-year carry-over period for the excess. You can also bypass capital gains tax on the property. Our board of directors and advisors would be happy to consider the gift of a home, rental property, vacation property, land, or other real estate in support of our combined work. Gifts of real property must be approved by the board of directors.