Gifts of Real Estate
It is often possible to give your house, vacation home, condo, or farm to St. David’s while continuing to live in it. Using a Charitable Life Estate Contract, you can deed the real estate to St. David’s and retain the right to live on the property and/or receive income from the property for as long as you live. You receive an income tax deduction when the property is deeded to the church and normally avoid any capital gains taxes when making the transfer. Your inheritance and estate taxes may be reduced at the time of your death.
As exciting as receiving a gift of real estate may be, St. David’s leadership will examine the advisability of accepting real estate before assuming the title. There are many factors to consider before you, or St. David's can determine whether the transfer is in the best interest of both parties. In all cases, you and St. David's will need independent legal counsel to help guide the process.
Learn more about Funding Future Ministry options.
​
Prospective donors are strongly urged to consult with their own legal, financial,
and/or tax advisor regarding the tax advantages of planned giving.
This information is for educational use and not intended to be financial, tax,
​or legal advice and should not be relied on as such.