Watch a testimonial from ministry partners, Warren and Brenda Pfohl
If you own real estate (such as a home, vacation property, vacant land, farmland, ranch or commercial property) which is no longer needed for its original purpose or income production, donating it to support Cru may be a great option for you — and it will certainly help to share Jesus and build disciples through the ministries or missionaries you support!
Naturally, donation of real estate has to make sense financially for you, and for the Cru ministries you want to support. This doesn’t always add up for every property, but it can work on many.
Here are some of the benefits you may enjoy:
- Avoid paying capital gains tax.
- Receive a charitable income tax deduction.
- Leave a lasting legacy.
How you make a gift of real property
Your real property may be gifted to Cru by executing or signing a deed transferring ownership. You may deed part or all of your real property to Cru. Your gift will generally be based on the property’s fair market value, which must be established by an independent appraisal.
When the property sells, the proceeds go to build God’s kingdom through Cru ministries. You want to share the gospel, and this is a great way to do so.
As soon as Cru Foundation is in receipt of the deed, we take over the expenses, then expenses are deducted from the sale proceeds before they’re distributed to the ministries of your choice. Your responsibility for the property is over once the donation is made — but you retain the joy of giving the funds from the sale to the ministries you love.
Turn tax dollars into “kingdom dollars”
It is very common to approach charitable giving from real estate or other assets in a straightforward
fashion: sell, then give. But as generous as that impulse is, the sell-then-give strategy actually becomes the sell-then-pay-taxes-then-give strategy … and that bit in the middle means less funding for ministry.
What if you could turn those tax dollars into additional dollars for ministry? What if capital gains taxes are optional?
With a Great Commission Donor Advised Fund (GCDAF), you have a special solution. You can give-then-
sell by opening a GCDAF account and funding it with the property in question (or a portion of it).
As of that moment, the property belongs to the Great Commission Donor Advised Fund and is just awaiting liquidation so that you can recommend grants to the Cru ministries and other charities you love when the time is right.
It’s a strategy of wise stewardship for turning your unneeded but appreciated property into dollars for ministry, whenever and wherever you decide to distribute them — and donating to the Great Commission Donor Advised Fund yields immediate tax benefits, too.
Your friends at Cru Foundation can help you establish a Great Commission Donor Advised Fund account
whenever you’re ready. Learn more by visiting crufoundation.org/GCDAF.
Can you make a gift of mortgaged property?
Please contact us if the property you wish to give has existing debt or a mortgage. Check with us on the capital gains tax implications of your gift. You also may be interested in life income options.