Can you donate an interest in land to charity?

Question

I have a 1/2 interest in some property, unimproved aka just land. Can I donate this?

Answer 1

Yes you can donate an interest in land. But the charity will probably study the value, future potential, etc. of the interest in the land, and depending on what they find, they may reject the gift.

I have heard of churches rejecting gifts of property, if the maintenance on it was greater than what they might get out of it.

Answer 2

Donating a partial interest in property can be very sticky! If you hold it as a joint tenant with right of survivorship then it will be extremely difficult if not impossible. Even if it's held as a tenancy in common or tenancy in the entirety you're going to have to consider the impact on the other owner who may be able to block the gift. Also, any charity receiving it would be very likely to refuse the gift since you do not hold clear title to the land yourself.

You need the advice of a qualified attorney before you consider this. This is a potential hornet's nest.

Answer 3

The LDS church would not post their economic documents, so the $30 billion component is basically complete hypothesis. whether that have been genuine, although, Mormons as an entire are basically like particularly everyone else--we've undesirable, we've wealthy, we've particularly some human beings in between. And on an identical time as we do emphasize complicated artwork and the significance of coaching, you will discover basically as many contributors residing in huts in South united states of america of america as you will in mansions in California. particular, we do provide ten % of our earnings for the maintenance of our church, yet back, while a member has no longer something, ten % of no longer something continues to be no longer something, now could be no longer it? we don't think in worldwide charities? Charity businesses hardly require faith, so "have self assurance" in all opportunities are high no longer the appropriate be conscious to apply...yet nonetheless, a lot of our contributors nevertheless provide to the worldwide over regarded businesses such because of the fact the crimson go. the subject with those charities, although, is that approximately purely 15% of the money donated unquestionably is going to those in want. something is absorbed in overhead and team salaries. the clarification Mormons have a tendency to grant by our very own charities is by the fact ours are run basically by volunteers. components are produced and assembled and shipped by the contributors themselves (and during the contributors residing in that section, which additionally cuts down on expenses), because of the fact of this each and each penny a member provides is going at once to alleviation and to no longer somebody's gross sales. isn't it obtrusive that we wish our very own charitable businesses to any of those others? i'm no longer truly particular the way you residing in Oxford is appropriate, yet on an identical time as you seem to a minimum of have completed somewhat study into this, i'm uncertain that your components have been any good. We provide way greater beneficial than a "0.5 penny" to charity--attempt a minimum of a few million each and every 12 months--and we are hardly a cult. back, verify your components.

Answer 4

Yes! You can, you MUST be sure to write it off on your taxes. It's nice if you are going to make a donation, but follow the law and everything will be ok! Good Luck!

Answer 5

Yes, it's done all the time. How many acres did you say you own in Iraq?.... I see... The catholic church will take it and then we will all fight another Crusade for those 2.5 acres. Consult your Real Estate/Tax attorney.

Answer 6

Yes, it's done all the time. Just make sure you consult a good tax attorney to make sure it's handled correctly...for your protection.

Answer 7

yes you can,be sure to write it off on your taxes.