SHCLA accept gifts of homes, land, or other property that we can permanently steward for the community benefit. We also accept other gifts of real estate that—with the donor’s permission to sell—can support the strategic acquisition of other land and housing for low-income residents.
Additional Information & Questions
If you have any questions, or would like additional information, please contact SHCLA.
Make a gift of real estate during your lifetime, or arrange for a bequest as a living legacy upon your death.
A charitable life estate agreement can provide you the best of both worlds: meet your goals for the charitable donation of your home to SHCLA and retain the right to live in your home until you decide otherwise. This arrangement can provide you with an immediate income tax deduction.
The IRS may grant this deduction even though you continue to enjoy full use of your home or land. The IRS expects the owner to retain full responsibility for the care and maintenance of the property.
Your primary benefits are the continued use of your home or land, an immediate charitable income tax deduction, the avoidance of probate and estate tax on the property, and the satisfaction of making a considerable gift to SHCLA during your lifetime.
Do you have a property that you would like to sell, but also want to explore how you might be able to help SHCLA? If you are willing to donate a portion of the value of your property, SHCLA may be able to arrange a purchase. The difference between a charitable or “bargain” sale price and the appraised market value should be a tax deductible donation.
We accept gifts of homes, land, or other property that we can permanentlyThere are many ways you can help SHCLA achieve our mission and expand our impact through planned giving. steward for community benefit. We also accept other gifts of real estate that—with the donor’s permission to sell—can support the strategic acquisition of other land and housing for low-income residents.
Additional Information & Questions
If you have any questions, or would like additional information, please contact SHCLA.
Disclaimer
We suggest that you consult with an estate planning advisor regarding the legal and financial implications—as well as tax advantages—of any gift to make sure that it aligns with your wishes, needs, and estate planning goals.
Bequests
Bequests are the most common type of planned gifts.
- They are easy to arrange and the bequest remains in your control.
- You can change your mind at any time and you can structure the bequest to leave a specific item, or amount or leave a percentage of your estate to the Supportive Housing Community Land Alliance.
- Your bequest is entitled to an estate tax charitable deduction for the gift’s full value. All that is needed is a few sentences in your will or trust.
The four most common bequests
- A fixed amount of money or a designated property.Sample Language:“I give $_________(or describe the real or personal property, including exact location) to SHCLA, a California nonprofit corporation, currently located at 3120 Shattuck Avenue, Berkeley, CA 94705. Tax identification number 87-3344652.”A percentage of the estate.
- Sample Language:
“I give___% to SHCLA, a California nonprofit corporation, currently located at 3120 Shattuck Avenue, Berkeley, CA 94705. Tax identification number 87-3344652.”A residual bequest. - Sample Language:
“I give all the residue of my estate, including real and personal property, to SHCLA, a California nonprofit corporation, currently located at 3120 Shattuck Avenue, Berkeley, CA 94705. Tax identification number 87-3344652.” - A double-purpose bequest.
You can provide a relative or loved one with income for life through a special gift to SHCLA, a California nonprofit corporation, currently located at 3120 Shattuck Avenue, Berkeley, CA 94705. Tax identification number 87-3344652.”
We suggest that you specify your bequest be “used in such a manner as the Board of Directors of the SHCLA, in its discretion, determine.” If you prefer to further restrict your bequest, we can work with you to ensure that your wishes will be met.
Naming the SHCLA as a beneficiary of your qualified retirement plan or Individual Retirement Account allows you to direct assets tax-free (avoiding both income and estate taxes).
To make an IRA charitable rollover gift or other gift of retirement assets, simply contact your plan administrator and request a direct distribution to SHCLA.
Your plan administrator may require the following information: The SHCLA is a California nonprofit corporation, currently located at 3120 Shattuck Avenue, Berkeley, CA 94705. Tax identification number 87-3344652.”
Life insurance designations are a simple and popular method of providing funds to beneficiaries upon your death.
In your life insurance policy, you may designate beneficiaries to direct the distribution of proceeds; these proceeds are typically not transferred through your will.
A nonprofit organization, such as the Supportive Housing Community Land Alliance, can be named the beneficiary of your life insurance policy.
Donating stock or mutual fund shares is a powerful way to help SHCLA fulfill our mission. Making a gift of securities is simple and offers a number of valuable financial benefits. You can donate appreciated stocks, bonds or mutual funds. Also, the total value of the stock upon transfer is tax-deductible and there is no obligation to pay any capital gains taxes on the appreciation.
Recommend a gift to SHCLA through your donor advised fund using DAF Direct. When you contribute cash, securities or other assets to a donor-advised fund at a public charity, you are generally eligible to take an immediate tax deduction. These funds can be invested for tax-free growth, and you can recommend grants to SHCLA, an IRS-qualified public charity. Donor-advised funds are one of the fastest-growing charitable giving vehicles in the United States because they are one of the easiest and most tax-advantageous ways to give. If you would like to donate to SHCLA through your Fidelity Charity, Schwab, or BNY Mellon donor advised fund, please use the link here.