A real estate donation through Urb, Inc. Hope & Help participation in United Relief Foundation’s “Standing Tall for Veterans in need” effort can help you rid yourself of non-producing properties and also avoid capital gains tax on highly appreciated property.

A real estate donation significantly reduces your legal and tax liabilities on the properties you donate and more efficiently attain personal financial goals while also supporting the efforts to aid United States Veterans go from homelessness to home ownership..

One of the advantages to the donor is that the size of the tax deduction is determined by the current market value of the property, as opposed to the cost of the property when it was purchased. So if you purchased your property for $112,000 and today it is worth $412,000, the current value is what you base your tax deduction on. (Also, by donating a property instead of selling it outright, real property donors can avoid paying brokers’ fees.)

In many cases, if one takes into consideration ongoing property taxes, maintenance costs, income taxes–or if the property is sold, the cost of legal fees, brokerage fees, estate taxes, inheritance taxes and capital gains taxes–it is often financially preferable to donate properties. It also saves heirs the trouble of trying to divvy up the gains if the will is potentially contentious or inequitable.

 

Please feel free to call us with any questions (847) 673-7575


Spirit of Giving Award - Brian UrbanowskiURB, Inc. is a Hope & Help Partner of the United Relief Foundation a nonprofit 501 (c)(3) humanitarian aid organization and in its role as a Hope & Help Partner, URB, Inc.’s Brian Urbanowski assess the viability of property, facilitates property acquisition and sale.

Donated property is either rehabilitated or sold, with proceeds used to support United Relief Foundation’s Standing Tall for Veterans in need efforts.

Your reward will be the everlasting satisfaction knowing that your donation was used to help Veterans in need and the benefits you receive could go beyond a very nice tax deduction. To learn more about the United Relief Foundation click here.

Do you have a property you would like to Donate to Charity in Chicago?

According to the Internal Revenue Service, the federal tax code allows individuals and businesses to make noncash contributions to qualifying charities and to claim deductions for these contributions on their tax returns. Gifts of donated property, clothing, and other noncash items have long been an important source of revenue for many charitable organizations and a popular deduction for taxpayers.

 

For More Information Please Visit

How You Benefit from Real Estate Donation

How To Donate your House in Chicago

 

Inquiries are always welcomed.

Simply fill out the form below and one of our representatives will contact you shortly!

If you need immediate assistance, please call us at (847) 673-7575



Do you want to donate a property to charity in Chicago but are unsure if your property qualifies?


Types of Real Estate Charities accept for donation

  • Brick or Frame Homes
  • Single Family Homes
  • Town homes & Condominiums
  • 2 Flats, 3 Flats & 4 Flats
  • Residential Apartment Buildings
  • Foreclosures for Sale
  • Bank Foreclosed Homes
  • Commercial Buildings
  • Apartment Buildings
  • Hotels and Motels
  • Rooming Houses
  • Mixed Use Properties
  • Strip Malls / Churches
  • Vacant land / Empty lots
  • Shopping Centers / Church properties
  • Duplexes / Duplex dwellings

Want to Donate your House? Is you house in one of the following conditions?

  • Distressed
  • Foreclosed
  • Abandoned
  • Repossessed
  • Handyman Specials
  • With Past Due water bills
  • With Building code violations
  • With Past Due Taxes

Please note: We are now accepting real estate donations for various Churches on the south and west sides of Chicago