Transforming Realty to Gift Reality

Want to make a big gift to Kline Galland without touching your bank account? Consider giving us real estate. Such a generous gift helps us continue our work for years to come. And a gift of real estate also helps you. When you give us appreciated property you have held longer than one year, you qualify for a federal income tax charitable deduction. This eliminates capital gains tax. And you no longer have to deal with that property's maintenance costs, property taxes or insurance.

Another benefit: You don't have to hassle with selling the real estate. You can deed the property directly to Kline Galland or ask your attorney to add a few sentences in your will or trust agreement.

Ways to Give Real Estate

A Potential Scenario

Woman smiling Janet purchased a rental property years ago and has watched it grow steadily in value. Still active in her career and traveling frequently, she's beginning to find management of the property more and more of a hassle. At this stage of her life, Janet has decided to move to a 55+ condominium development, where all exterior maintenance is provided and she doesn't have to worry about security issues. Janet sees this as an opportunity to give her rental property to a charity that's important to her while realizing valuable tax benefits.

Janet avoids capital gains tax on the appreciation and qualifies for a federal income tax charitable deduction of $250,000, which is for the property's fair market value today. She is able to claim 30 percent of her $200,000 adjusted gross income, or $60,000, in the year of the gift. In the five years following, she can continue to use up the remaining $190,000 deduction. Janet is happy in her new condo and loves knowing that the gift of her property will make a big difference supporting our mission.

Watch How It Works

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Learn more about the many ways to use real estate to support Kline Galland in the FREE guide 7 Ways to Donate Real Estate.

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Personal Estate Planning Kit

Not Sure How to Begin Planning?

Next Steps

  1. Contact Nate Nusbaum at (206) 456-9702 or naten@klinegalland.org to discuss the possibility of giving real estate to Kline Galland.
  2. Seek the advice of your financial or legal advisor to make sure this gift fits your goals.
  3. If you include Kline Galland in your plans, please use our legal name and federal tax ID.

Legal Name: The Kline Galland Center
Federal Tax ID Number: 91-1154904
Location: 7500 Seward Park Avenue South, Seattle, WA 98118