Transform Property Into Lasting Impact
Real estate can be a meaningful way to support Lutheran Family Services without using cash assets. Gifts of real estate, including a personal residence, vacation home, farm, commercial property, or undeveloped land, help ensure that individuals and families continue to receive the care and support they need.
A gift of appreciated property may also provide significant tax benefits. If you have owned the property for more than one year, you may qualify for a charitable income tax deduction and potentially reduce or avoid capital gains taxes. Please consult your financial and tax advisors regarding your specific situation.
Ways to Give Real Estate
Outright Gift
Donate real estate directly to Lutheran Family Services and make an immediate impact through your generosity.
Gift Through Your Will or Living Trust
Include real estate in your estate plans to support the mission of Lutheran Family Services while maintaining full control of the property during your lifetime.
Retained Life Estate
Transfer ownership of your residence or farm while retaining the right to live in or use the property for the remainder of your life.
Bargain Sale
Sell property to Lutheran Family Services for less than its fair market value. The difference between the sale price and the property’s value may qualify as a charitable gift.
Charitable Remainder Trust
Contribute qualifying real estate to a charitable trust that can provide income to you or your beneficiaries while supporting Lutheran Family Services in the future.
How It Works
Consider This Example
Sarah purchased a rental property many years ago for $100,000. Today, the property is worth $350,000.
Sarah wants to support Lutheran Family Services but would prefer not to make a large cash gift. Instead of selling the property herself, she donates it directly to Lutheran Family Services.
Potential benefits may include:
- Supporting programs that provide behavioral health care, family services, and refugee and immigrant support.
- Receiving a charitable income tax deduction based on the property’s qualified appraised value, subject to IRS rules.
- Potentially avoiding capital gains taxes that could have been incurred if the property had been sold first.
- Eliminating ongoing expenses such as property taxes, insurance, and maintenance costs.
After Lutheran Family Services accepts the donation, the organization may sell the property and use the proceeds to advance its mission and serve individuals and families in need.
This example is for illustrative purposes only and does not constitute legal, tax, or financial advice. Donors should consult their professional advisors regarding their specific circumstances.
Next Steps
- Contact a member of the Development team at: 531‑444‑3556
- Or email [email protected] to discuss the possibility of giving real estate to the Lutheran Family Services Foundation.
- Seek the advice of your financial or legal adviser to make sure this gift fits your goals.
- If you include the Lutheran Family Services Foundation in your plans, please use our legal name and federal tax ID.
Legal name: Lutheran Family Services
Address: 7929 West Center Rd.
Federal tax ID number: 23-7267972
Questions?
Development Team
Contact the Lutheran Family Services Development Team to discuss real estate giving opportunities and receive additional information.
Phone: 531-444-3556
Email: [email protected]
Ready to Give Real Estate?
Start by contacting our team about your intended property gift so we can guide you through the process and ensure your gift is directed according to your wishes.