Real Estate & Stock Donations
Many brethren and their families may have a property that is not being utilized or stocks that have accumulated much in value. Instead of paying capital gains, property taxes, and maintenance fees, you may want to consider making a gift of real estate or stocks to either the House of the Temple Historic Preservation Foundation, Inc., or the Scottish Rite Foundation SJ, USA, Inc.
By making a gift of either you can usually:
- For real estate, have the full appraisal value deducted from your taxes, and it can be carried backwards or forwards for other tax years in many cases. In the case of stocks, receive a deduction for the full current value.
- 100% of the donation goes to a 501(c)(3) approved charity for your maximum deduction.
- For property valued under $5,000, an appraisal is not necessary.