A gift of real estate, such as a personal residence or vacation home, commercial property, or even vacant land, can be a creative way to make a significant gift to WMHT and at the same time receive important tax benefits.

The benefits include a charitable income tax deduction for the full fair-market value, avoidance of capital gains tax on the property's appreciation at the time the gift is made, and potentially reduced estate taxes and probate costs.

You can make a gift of your home or certain other real estate, and avoid capital gains taxes as well as qualify for a charitable ncome tax deduction. Or you can donate your home while retaining the use of the property for as long as you live.

Using a life estate arrangement, you make a gift of your home or farm now, but retain the security of knowing that you may live there as long as you wish.

The satisfaction of giving, as well as a tax deduction, is enjoyed now rather than later. You continue to take care of the property, pay the taxes, and even receive any income it generates.