Learn more about giving a gift of property to support UNICEF’s lifesaving work in our FREE guide 6 Ways to Give Real Estate to the U.S. Fund for UNICEF.View My Free Brochure
Real Estate: Provide Children Hope for the Future
Your home is so much more than a place of shelter. It’s a space where you live your life and make memories. But as life progresses, your needs change, including the type of home that fits your lifestyle. Perhaps the maintenance of the property you own is becoming burdensome, yet you want to avoid the hassle of selling it — worrying about getting a fair price and having strangers in and out of your house while it’s on the market.
There’s a solution that eliminates the responsibilities of ownership and provides assistance to vulnerable children and their families around the world: You can give your home — or another piece of property — to the U.S. Fund for UNICEF.
Your gift of property helps the U.S. Fund for UNICEF save lives and provides hope for a brighter future to the estimated 30 million children fleeing their homes today. These children didn’t get to choose where they live. Your gift of property can provide them the protection they need — and deserve.
Ways to Give Real Estate
You can give real estate to the U.S. Fund in the following ways:
See the benefits of an outright gift.
An outright gift. When you make a gift today of real estate you have owned longer than one year, you receive a federal income tax charitable deduction equal to the property's full fair market value. You also eliminate capital gains tax on its appreciation. Furthermore, the transfer is not subject to the gift tax, and the gift reduces your future taxable estate. Please note that all gifts of real estate must be approved by the U.S. Fund for UNICEF.
A gift in your will or living trust. If you’re not able to give the property today, you can include a gift of real estate in your will. This option allows you the flexibility to change your mind. Contact us for sample language to share with your attorney for including a gift in your will. Once you make your gift, you become a member of the Danny Kaye Society.
See the benefits of a deferred charitable gift annuity.
A deferred charitable gift annuity. You can donate the property to the U.S. Fund for UNICEF and in exchange receive income for life for you and someone else, if you choose. When you create a charitable gift annuity, you're allowed a federal income tax charitable deduction in the year you set up the gift annuity when you itemize on your taxes. If you use appreciated real estate to make a gift, you can usually eliminate capital gains tax on a portion of the gift and spread the rest of the gain over your life expectancy. A gift of unmortgaged property to fund a deferred gift annuity is preferable and generates the greatest tax benefit.
See the benefits of a charitable remainder unitrust.
A charitable remainder unitrust. You can contribute any type of appreciated real estate you've owned for more than one year, provided it's unmortgaged, in exchange for an income stream for life or a term of up to 20 years. The donated property may be a residence (a personal residence must be vacant upon contribution), undeveloped land, a farm or commercial property. Your estate planning attorney, who will draft your trust, can give you more details.
See the benefits of a bargain sale.
A bargain sale. When you make a bargain sale, you sell your property to the U.S. Fund for UNICEF for less than what it’s worth. The difference between the actual value and the sale price is considered a gift that supports UNICEF's lifesaving work. A bargain sale can be an effective way to dispose of property that has increased in value, and it is the only gift vehicle that can give you a lump sum of cash and a charitable deduction at the same time.
The U.S. Fund for UNICEF accepts the following types of property:*
- Primary residences (single-family homes, multifamily homes and condominiums)
- Vacation homes (excluding time-shares)
- Investment properties
- Commercial properties
- Vacant land
- Farms, ranches and timber land
*The property needs to have a minimum value of $100,000.
Check Out This Potential Scenario
Janet purchased her home years ago and has watched it grow steadily in value. Still active in her career and traveling frequently, she's beginning to find home ownership more and more of a challenge. 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 existing house to the U.S. Fund for UNICEF and realize valuable tax benefits.
Janet qualifies for a federal income tax charitable deduction of $300,000, which is for her home'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 next five years, she can continue to use up the remaining $240,000 deduction. Janet is happy in her new condo and loves knowing that the gift of her house is helping vulnerable children around the world who are fleeing wars, disasters and poverty.
- Contact Karen Metzger at (866) 486-4233 or firstname.lastname@example.org for additional information.
- Seek the advice of your financial or legal advisor to make sure this gift fits your goals.
- If you include the U.S. Fund for UNICEF in your plans, please use our legal name and Federal Tax ID.
Legal Name: U.S. Fund for UNICEF
Address: 125 Maiden Lane, New York, New York 10038
Federal Tax ID Number: 13-1760110
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. Annuities are subject to regulation by the State of California. Payments under this agreement, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.