Real Estate Donations

Why Donate Real Estate?

All real estate donations to us will be used for our programs such as green spaces, training programs, and assisting Youth and Veterans in Indiana.

We are always looking for property to hold Youth Jamborees, Training Camps, Neighborhood Gardens and more. There are a few advantages for you by donating real estate to us. The largest being significant tax deductions gained by donating unwanted property.

Owners of properties that they are not using, cannot sell, aren't performing well or have depreciated over the years can take the FULL fair market value of the property off on taxes if the property were donated. 

You would no longer have to deal with paying property taxes on the property, maintenance costs or income taxes.

Who Should Donate Real Estate

Who Should Donate?

Anyone with properties that are idle, lacking positive cash flow and are assets that will never reach any usable potential. Fully depreciated properties that do not serve the financial interests of the donor.

Benefits Of Donating Real Estate

Deduction Donated Property

A Real Estate Donation, whether vacant land, industrial, residential, land contracts, commercial property provides the donor an impressive tax deduction. If your real property asset has unfortunately turned into a non-producing property in your portfolio, it may be the time to consider a real estate donation.

Real estate donations are beneficial to both individuals and corporate donors. The equity from your real estate donation helps us continue to benefit our programs.

What Can A Real Estate Tax Donation Do For You?

Individual Donors:

These rules may apply if the donated real property is owned in your own name, with your spouse or other persons. (Please check with your tax professional): If you have held the property for more than one year, it is classified as long-term capital gain property.

You can deduct the full fair market value of the donated property. Your charitable contribution deduction is limited to various percentages of your adjusted gross income. Excess contribution value may be carried forward for up to five years. If the property has been depreciated, the fair market value must be reduced by its accumulated depreciation through the date of contribution.

Fair Market Value is most commonly determined by an independent appraisal. If you choose to deduct your cost basis of the donated property you are allowed a deduction of fifty percent (50.00%) of your adjusted gross

Current Market Value Tax Deduction

Receive A Major Tax Deduction

The donation of property qualifies you or your business for a tax benefit based on the current fair market value of the property - not on the purchase price of the property. Deductions vary according to the structure of your organization, and we are here to help clarify the tax advantages of donating property to charity like us (it is also recommended that you discuss this with your own tax adviser).

Enjoy These Benefits when you Donate Property to Charity:

  • Tax Deduction Sizable, lasting tax benefits / deductions for years to come
  • Tax Deduction Freedom from property taxes
  • Tax Deduction Freedom from property maintenance and other obligations
  • Tax Deduction Freedom from liability and insurances
  • Tax Deduction Benefit of knowing that you have helped others
  • Tax Deduction Positive face forward to the public for your generous donation
  • Tax Deduction Peace of mind knowing that your property is not longer a drain or burden

For More Information, please read the following IRS Publications by clicking on the links below:

 EMAIL: info@bikersinc.org

Real Estate Donations FAQ

How complicated and how long will the charitable donation process take?

Donation processes varies from property to property. There are many factors that can affect this process such as civil liens to unpaid property taxes. 

How will I know if BikersInc is willing to accept my charitable donation?

By obtaining all documents and information, BikersInc will be able to determine if property can be received as a charitable donation.

Who pays the expenses?

All expenses incurred during the process are generally accepted as the responsibility of the donor. There are some exceptions and under certain circumstances; an agreement is made to share the expense of the acquisition of your charitable donation. (I.e. Title insurance, property insurance, environmental testing, probate or other issues and costs)

What costs can I expect to incur during the donation process?

Generally, the donor is responsible for all of the regular costs associated with the property until the acquisition of the property by BikersInc. This may include, but not be limited to all taxes, bills and mortgages. There are of course exceptions to this. Every donation is considered on a case-by-case basis.

What if I am missing important documentation?

Because closing the transaction usually takes place through a title company or another agent for the donor, such as an attorney, a title search will be performed so that all the necessary paperwork will be procured in order to proceed with the acquisition of the donation.

At what point will my responsibility to the Real Property end?

The donor's responsibility stops at the end of the acquisition process.

Do I need to be present at the time of the closing?

No. At the time of the closing, all necessary paperwork will have been completed. The actual closing itself is simply a paper transaction that occurs once all legal requirements for the transfer of your donation have been completed. If there are any additional issues that arise, usually in regards to the title search, all parties involved will be notified. If this happens, it's a simple matter of signing additional documents and the issues can be resolved before the closing.

A registered non-profit corporation that operates exclusively for educational & charitable purposes within Section 501(c)(3) of the Internal Revenue Code