Donate a house to charity or other real estate in Chicago to charity.
Urban Renewal Project Chicago makes it easy to donate a house to charity, even if the property needs significant repairs, has code violations, back taxes, tenants, or is vacant. Here are some key points about the process:
Eligibility: You can donate houses, multi-family properties, mixed-use properties, or commercial properties.
No Cost to You: Urban Renewal Project covers all costs and fees associated with the donation.
Tax Benefits: You can receive a fair market tax deduction for your donation.
Qualified Charities: Urban Renewal Project ensures your donation goes to a qualified 501(c)(3) charity.
Professional Assistance: Urban Renewal Project handles all the paperwork and legalities, making the process smooth and stress-free.
Donate a house to charity and free yourself of the burden of ownership.
Should the time come when a property you own or even inherited has become a burden Urban Renewal Project Chicago offers a way to:
• Free yourself from owning unwanted or unmanageable property
• Free yourself from property taxes, liability, and insurance
• Free yourself from the expenses and stress associated with owning and maintaining property
• and receive a tax deduction
When you donate a house to charity, as well as multi-family, mixed-use, or commercial property, that is burdensome to you, it can be a blessing for a qualified 501(c)(3) charity.
Can I donate my home for free to a non profit organization in Chicago? Yes, that is what Urban Renewal Project Chicago is about.
You can donate your home for free to charitable organizations in Chicago and we pay all the costs and fees to do it. Our 501c3 nonprofits accept real estate donations in the Chicagoland area at no cost to you. Donate a house, rental property, or commercial property. We do all the paperwork and you help those in need while receiving a Fair Market Tax Deduction.
Wanting to make a difference is in the hearts of those who donate a house in Chicago to charity. It is also in our hearts to make a difference by volunteering our real estate expertise and charitable experience to facilitate property donations.
You can trust that we have made sure your donation will go to a qualified 501(c)(3) charity that has, and can, produce their 501(c)(3) Letter of Determination from the Internal Revenue Service and a Certificate of Good Standing from the State of Illinois.
We understand and respect the concerns of individuals who want to donate a house in Chicago to charity, which is why we can put you at ease on our first phone call.
How does Urban Renewal Project Chicago make donating real estate to charity so easy?
First, donating real estate to charity in Chicago regardless of condition or situation (i.e., inherited, vacant, in need of extensive repairs, code violations, back taxes, etc.), is significant in supporting qualified charitable causes.
So, when it comes to donating real estate to charity, we at the Urban Renewal Project Chicago provide what most nonprofits can’t, which are highly qualified, experienced professionals to manage the donation process from start to finish, at no cost to the donor, or charitable organization.
Let us know about the property you’d like to donate and we’ll discuss the details of the donation process.
We take a look at the property you’d like to donate, connect you to a charity, and begin the donation paperwork.
We facilitate the donation transfer and take care of all the paperwork at NO cost to you or the charity.
To donate a house takes several steps.
Donating property to a nonprofit organization in Chicago involves a series of steps, many of which we have already done, to ensure a smooth process for you donating property to a nonprofit organization. It’s always important to consult with legal and tax professionals for advice tailored to your specific situation
We save you three essential time-consuming and costly steps when donating property to a nonprofit organization through us.
1. Research Nonprofit Eligibility:
Ensure that the nonprofit organization you want to donate to is eligible to receive tax-deductible contributions. Confirm its tax-exempt status with the IRS. We have done the due diligence for you.
2. Prepare the Deed or Title Transfer:
Prepare the necessary documents for transferring ownership of the property. This may include a deed or title transfer to the nonprofit organization. We take care of that at no cost to you or to the nonprofit organization.
3. Complete the Transfer:
Execute the necessary documents to transfer ownership of the property to the nonprofit. This may involve recording the deed with the appropriate local government office. We take care of that at no cost to you or to the nonprofit organization
What you should know when you give real estate to charity
The first thing you should know when you give real estate to charity through us is that URB, inc. is a non-compensated third party donating our real estate expertise and charitable experience to facilitate property donations.
The next important things you should know when you give real estate to charity are:
1. Understand Tax Implications:
When you give real estate to charity it can have significant tax benefits, including potential deductions for the fair market value of the property. Consult with a tax professional to understand the specific tax implications for your situation.
2. Appraisal of the Real Estate:
When you give real estate to charity you will need to obtain a professional appraisal of the real estate to determine its fair market value. This appraisal is crucial for accurate reporting on your tax return.
When you give real estate to charity we understand and the receiving nonprofit organization appreciates that it is a significant and generous gesture on your part.
We would be pleased to answer any questions.
(312) 957-4951