The Community Foundation Trust was designed to quickly and easily accommodate real estate gifts or gifts of other special assets, and specifically to hold and liquidate real estate. This entity is governed by the same Board of Trustees that governs the Community Foundation of Northern Colorado.
A gift of real estate to the Community Foundation Trust results in an immediate tax deduction for full market value. The tax deduction occurs regardless of when or if the property is liquidated. The property can be held for a period of time or liquidated as soon as possible. Cash from the liquidation of the property can be placed in a Donor Advised fund, providing the donors with a charitable vehicle with many of the same tax benefits as their own private foundation. Donor Advised funds allow donors to make grants to any nonprofit agency, school, university or church anywhere in the United States with greater tax benefits than a private foundation. Real estate gifts are also an excellent way to fund a Charitable Remainder Trust that provides lifetime income to the donor.
If you, a client, or a friend have an interest in exploring a gift of real estate, contact James Hamilton at (970) 488-1979.