Like many people, you may have a large percentage of your assets invested in real estate. Yet the complexity of donating real estate to charity may have been holding you back from pursuing this path, particularly if you want to benefit more than one charity with a gift of real estate.
The Elves of Christmas Present Fund is administered by the Greater Kansas City Community Foundation. GKCCF is a tax-exempt 501©3 organization which manages over $2 Billion dollars in charitable funds for over 3300 organizations. They take care of the paperwork so we can focus on the children.
The Greater Kansas City Community Foundation and its affiliate, the Real Estate Charitable Foundation (RECF), make donating your property much easier by managing the transaction of the sale while you enjoy the freedom to cultivate your philanthropic dreams. Your real estate donation could be:
- A house or condominium
- An apartment building
- Farmland or undeveloped land
- A vacation home
- A commercial building
Gifts of real estate entitle you to receive multiple tax benefits. You will be given the maximum tax deduction allowed by law based on the real estate’s full fair market value, avoid capital gains tax, avoid potential future estate taxes and in some cases receive a lifetime income stream.
About the Real Estate Charitable Foundation
Through the RECF, the Greater Kansas City Community Foundation is able to handle complex charitable transactions with ease. The RECF’s dedicated board of directors has more than 20 years of expertise evaluating, marketing and selling real estate for charitable purposes.
With their expert staff of professionals, The Greater Kansas City Community Foundation and its affiliate will be able to assist you in making a real estate donation to the Elves of Christmas Present.
Elves of Christmas Present Fund
Greater Kansas City Community Foundation
1055 Broadway, Suite 130
Kansas City, MO. 64105