A written acknowledgment
Describing the property and confirming no goods or services were provided in return.
How funding from donated real estate is used
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How Funding From Donated Real Estate Is Used
When you donate real estate to Real Estate with Causes, the property itself rarely stays with us for long. Most is sold, and after the costs of transferring, holding and selling it, the net proceeds fund Giving Center’s charitable programs. Some property is held and put to use directly, as program housing or office space. Here is how that works, step by step.
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From deed to program
After the deed records, we decide whether a property is better sold or held. Most is sold, locally and at market, so the value it produces can be used where it is needed.
Costs come first
Taxes, insurance, maintenance, and the cost of selling are paid from the property’s value. We are open about that.
Held for program use
Occasionally a property suits a program directly, as housing or office space, and we keep it.
Where the net proceeds go
Net proceeds support Giving Center’s programs: housing assistance, help for veterans, children’s medical needs, and families facing a crisis, including disaster relief.
Giving Center is an IRS-approved 501(c)(3) public charity, EIN 92-1162407. Its public filings are available on request.
What you receive as a donor
Documentation for your records and your return.
A signed Form 8283
For gifts over $5,000, we sign the donee acknowledgment.
Form 8282 if we sell early
If we sell within three years, we file it and send you a copy.
Funding questions, answered
Is my donated property sold? +
Usually. Most donated property is sold and the net proceeds fund our programs. Some is kept and used directly.
How much of the value reaches programs? +
What remains after the costs of transfer, holding and sale. That varies with every property, and we do not publish a single figure.
Can I see Giving Center’s financial filings? +
Yes. As a 501(c)(3), Giving Center files annually with the IRS, and those filings are available on request.
Who decides how a property is used? +
We do, after the deed records. We are glad to hear your wishes, but decisions about sale or use rest with the charity, which is part of what makes the gift deductible.
Will I be told when the property sells? +
If we sell within three years, you receive a copy of the Form 8282 we file with the IRS.
We do not provide tax or legal advice. See IRS Publication 526, Publication 561 and the Form 8283 instructions, and consult your own advisor.
Related guides
Tell us about the property and we will review it
We will tell you plainly whether a donation works and what happens next.