Disaster Response
Child Development
Clean Water
Hunger Relief
Medical Care
Transform Property Into Compassion
If you are thinking about selling property, we encourage you to connect with our Planned Giving team first to explore ways you may be able to reduce taxes and make a greater impact for children, families, and communities worldwide.
Gifting real estate, such as a vacation home, farm, commercial property, or land, can be a powerful way to bless hurting children and families around the world while also providing meaningful benefits to you.
When you give appreciated property that you have held longer than one year to Operation Blessing or Orphan’s Promise, you may qualify for a federal income tax charitable deduction, and you could minimize or eliminate capital gains tax. Plus, you no longer have to deal with that property’s maintenance costs, property taxes, or insurance.
Benefits
- Avoid paying capital gains tax on the sale of the real estate
- Receive a charitable income tax deduction based on the full market value of the real estate
How Does it Work?
If you wish to donate your property to Operation Blessing or Orphan’s Promise, you can do so by signing a deed that transfers ownership. You have the option to either give part or the entirety of your property to Operation Blessing or Orphan’s Promise. The value of your gift will be based on the property’s fair market value, which can be determined through an individual appraisal.
Additional Information
Mortgaged Property – Please contact our team if the property you wish to give has existing debt or a mortgage. Indebtedness can affect your charitable tax deduction.
Property Gift Guidelines – Some properties may present unique challenges. To ensure each gift can be used effectively, we have established guidelines for accepting real estate. We encourage you to contact us before making a gift so we can walk you through these guidelines.
Capital Gains Tax – Please check with us on the capital gains tax implications of your gift. You may also be interested in life income options.
Find out how a gift of property can create a lasting Kingdom impact while offering potential tax benefits.
Download your free brochure here.
Address: Operation Blessing International Relief and Development Corporation
Planned Giving – CSB 112
977 Centerville Turnpike
Virginia Beach, VA 23463
Legal Name: Operation Blessing International Relief and Development Corporation
Tax ID: 54-138657
Disclaimer: Information contained herein was accurate at the time of posting. This site is informational and educational only. Every individual’s situation is unique. The information on this website does not provide and is not intended to provide estate planning, legal, or tax advice. For such advice, please consult your personal attorney, CPA, or other qualified professional advisor. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.