Real Estate Donation Program
Oregon Real Estate Donations
Donating real estate to support Cat Rescue & Adoption Network is fast and easy! The proceeds from your property donation allow us to provide care and find loving homes for the cats and kittens of our community, with a focus on those with special needs.
Our real estate donation program takes any property type (land, homes, commercial) in any location so long as there is equity. Even if you owe back taxes, have a mortgage balance or have deferred maintenance, it’s no problem. We will pay off all loans, liens, commissions owed and all closing costs. If you have a real estate asset that is costing you money or not being utilized, donating it is a great way to give back. You may even claim a significant tax deduction!
Donate Land
Tired of paying for that empty lot or hunting property to rarely use? Donate land to CRAN, help cats in need, and reduce your tax and financial liability on a piece of land you no longer need. We have many ways we can sell donated land to support our charity. Donate land today!
When you donate land to CRAN, you are helping cats in need while also reducing your tax and financial liability. We have many ways we can sell land to support our charity, so even if you’ve had trouble selling it, contact us anyway.
Donate Commercial Real Estate
Donating your unwanted commercial real estate is a great way to give back to the community and help CRAN at the same time! We will work with you to ensure a smooth transition and take care of all the details. Reduce your tax liability and avoid the costs of commercial ownership by donating commercial property.
Are you experiencing a loss on your rental property? If so, you’re not alone. Without rental income, many property owners must search in earnest for ways to offset the expense. Fortunately, within the current tax code, a certain percentage of rental losses can be deducted, and another way to claim a tax deduction is to donate your rental property to charity!
Real Estate Donation Tax Deductions
Donating real estate to a nonprofit can feel like a major weight has been lifted. In some cases, the capital gains taxes you would need to pay if you sold make it smarter to donate and receive a large tax deduction. Here are some of the IRS tax benefits* of donating real estate:
- Deduct the appraisal value
- Avoid capital gains tax
- Carry the benefit for 5 years
The most popular is avoidance of the capital gains tax. A capital gains tax is one property owners must pay on any profits they make selling a property. At a federal level, this tax will range anywhere from 15% to 25%, depending on your income, plus the rate at a state level, which can be an additional 5% to 13%. This means that for every $100,000 worth of property donated to charity, you can avoid paying up to $38,000 in taxes.
*Please consult a tax professional about your specific situation.
Contact us today to learn more about our real estate donation program and how you can help support CRAN!