Donating appreciated real estate, such as a home, vacation property, undeveloped land, farmland, ranch or commercial property can make a great gift to the IAA Foundation.
Your real property may be given to the IAA Foundation by executing or signing a deed transferring ownership. You may deed part or all of your real property to the IAA Foundation. Your gift will generally be based on the property's fair market value, which must be established by an independent appraisal.
Mortgaged Property - If the property you wish to give has existing debt or a mortgage, this indebtedness can affect your charitable tax deduction.
Difficult Property Gifts - Certain properties pose challenges. We have adopted policies to limit the acceptance of certain kinds of real estate. Please check with us before making a gift of real estate so we can explain our gift acceptance policies.
Capital Gains Tax - Consult your professional advisor on the capital gains tax implications of your gift.