You can give real estate, such as a house or condo, to DCV. You can make the transfer during your life or as a specific bequest in your estate.
The transfer process is similar to when the real estate is sold. You will need a professional appraisal to claim a tax deduction for the gift.
As a gift, the donor pays for the appraisal and the expenses of the transfer.
You will get the most tax benefits if the property is worth more than you paid for it, by avoiding capital gain taxes in addition to the charitable donation.
You must tell DCV about the transfer before you make it. DCV reserves the right to refuse any transfer if it is not in the best interest of DCV to own the property.
Once the transfer is complete, you cannot change your mind at a later date and get the property back.
If you want to transfer real estate, we would be glad to work with your professional advisors on the process.