Gifts of real estate - including personal residences, commercial buildings, farms and parcels of land can be an extremely advantageous way to give to Amnesty International. Gifts of real estate qualify for a charitable income tax deduction based on the appraised fair market value of the property, regardless of what you originally paid for it.
- Receive a charitable income tax deduction based on fair market value
- Eliminate capital gains tax on appreciated assets
- Satisfy your charitable intentions towards AIUSA
You may deed the property outright to Amnesty International USA, establish a life income arrangement (such as a Charitable Remainder Trust), or even transfer ownership while retaining the right to reside on the property for the rest of your life or a term of years, after which it reverts to Amnesty International USA (called a "Retained Life Estate").
It is also possible to gift a fractional interest (called an "undivided interest") in real estate. Testamentary gifts of real estate through your will are also welcome.
Since gifts of real estate can involve issues of valuation, environmental liability, pre-arranged sale, and other issues, they should be carefully reviewed by legal and tax counsel and Amnesty International before proceeding.
Gifts of Tangible Personal Property
Gifts of valuable personal property - such as books, works of art, jewelry, and coin collections - can benefit both you and Amnesty International.
Such gifts, if they qualify under IRS "related use" rules, can reduce your estate tax liability and qualify you for an income tax deduction for their full appraised value.