Donate Your Land—Build a Legacy with Cadillac Area Habitat for Humanity
Are you tired of paying taxes on land you no longer need? Consider donating it to Cadillac Area Habitat for Humanity and help build homes, communities, and hope.
Why Donate Land?
Land donations are vital to our mission—providing a foundation for future Habitat homes that help local families achieve the dream of homeownership. Plus, donating land can come with significant tax benefits.
Terry and Barb Tatarchuk, who generously donated land to Habitat, share their experience:
“We chose to donate our property to Habitat because we believe in their mission of helping working families earn their way towards homeownership. It’s always exciting to see dreams come true!” – Terry & Barb Tatarchuk
Potential Tax Benefits of Donating Land
While every tax situation is unique, here are some general tax advantages of donating land to a 501(c)(3) nonprofit organization:
- Get a Qualified Appraisal: A licensed appraiser is required for donations valued over $5,000. If the appraisal is a barrier to donating, please reach out directly to Habitat for options. We may be able to help with this.
- Deduct the Fair Market Value: You may be able to deduct the full fair market value (FMV) of appreciated property and avoid capital gains tax.
- Understand Deduction Limits: Typically, you can deduct up to 30% of your adjusted gross income (AGI), with unused deductions carried forward for up to five years.
- Donate Directly to Avoid Capital Gains: Donating land directly, instead of selling first, can help you avoid capital gains tax on appreciated property.
- Consider a Bargain Sale: Sell your land to Habitat below market value for a mix of partial cash proceeds and a charitable deduction.
Talk to your accountant to see how a land donation could benefit you.
Your Land Can Build More Than Homes—It Builds Hope
If you’d like to learn more about donating land to Cadillac Area Habitat for Humanity, contact us today:
Phone: (231) 775-7561 ext 101
Email: [email protected]
Together, we can turn vacant land into vibrant neighborhoods—one home at a time.