Fred Hutch welcomes your gifts of unencumbered real estate, which may be an outright gift or may be used to fund a lifetime income arrangement such as a charitable gift annuity. Real estate includes homes, condominiums, commercial businesses, residential properties and agricultural and undeveloped land.
Why make a gift of real estate?
Some may want to simplify their lives by disposing of their real estate holdings, but an outright sale might create a large capital gains tax. An outright gift to the Hutch will provide a significant charitable tax deduction and will avoid capital gains taxes.
If you choose to fund a charitable gift annuity with your appreciated property, there are also significant benefits:
- A federal tax deduction for the gift portion of the annuity;
- A portion of every annuity payment will be federal tax free, increasing the annuity payout rate; and
- The gain associated with the annuity portion can be spread out over the donor's life expectancy rather than being recognized all in the year of the transfer.
Before real estate is accepted by Fred Hutch, it must be inspected by a member of our Development staff and have a phase I environmental study completed. A real estate professional will also evaluate the property for marketability, and a professional appraisal will be completed.
It is the policy of the Hutch to immediately sell real estate after the transaction is completed, so the marketability of the property is essential.
For more information, contact:
Planned Giving Program
(206) 667-3396 or (800) 279-1618