A gift of commercial or residential real estate to the Boys & Girls Club’s of Yellowstone County’s Endowment Foundation can not only help open the door for thousands of kids to have a GREAT FUTURE but may also provide you and your family with substantial financial benefits. In some cases you may want to give the property outright to support the purposes of our Foundation and qualify for a charitable income tax deduction based on the appraised value of the property. In other cases you may use a home or land you no longer want or need to fund a life income gift, which can also trigger the benefits of the Montana tax credit. A gift of real estate can help you;
- avoid capital gains tax that would reduce your estate upon sale of the property,
- receive a charitable deduction in the year the gift is established, and
- save your heirs or family the “hassle” of selling your property.