Donating pre-tax assets is “a smarter way to give”. In a Bargain Sale, the property owner is both a seller (for the cash portion) and a donor (for the donated portion). The cash payment from RGF is often used to pay-off debt and other related obligations. In some cases, the cash portion of a Bargain Sale plus the cash value of the tax deduction is approximates the after-tax cash amount sellers would net from a conventional cash sale. In addition, donors are able to fulfill their charitable goals.
RGF’s grants to other non-profits of the excess proceeds from its transactions support a variety of carefully qualified non-profits, relieving local governments of the financial responsibility to fund the essential social, educational, health, environmental and faith-based programs in communities across America. RGF’s success is stimulating non-profits to develop proactive campaigns that ask for real estate gifts to RGF on their behalf.
The Advisory Community
Attorneys, tax advisors, financial planners, non-profit leaders, and brokers all benefit from our focus on real estate giving. RGF will make presentations to clients and professional groups on the unique opportunities of real estate gifts. Corporations with excess non-core real estate assets and a charitable arm will be able to merge corporate goals into single transactions. Foundations with PRI programs will discover a way to leverage their funds to increase charitable giving. And, of course, brokers gain another tool to assist clients faced with challenging price and tax issues.
Realty Gift Fund
The managers of RGF recognize the hurdles preventing real estate giving and have a proven commitment to non-profit organizations that serve their communities. These career real estate and non-profit professionals, and their dedicated network of consultants, see RGF as the bridge between their skill sets and their commitment to the charitable universe.