Frequently Asked Donor Questions

How do I check the status of my donation or get answers to other questions?

Once we receive your initial donation information, you will be assigned a donation specialist who will assist you throughout the process. You will also work directly with a real estate specialist who can assist with your specific property situation and keep you informed about the progress.

If you have any questions, you can contact our support team directly at 844-277-HOME (4663) Monday–Friday during regular business hours.

What type of real estate can I donate?

Any type of property may be donated that has positive equity, a clear title, and no environmental issues. Common property types that are donated are land, estates, second homes, rental properties, and commercial real estate. Please note: Timeshares and mobile homes cannot be accepted.

Is it easy to donate real estate through Giving Property?

Yes! Real estate donations are quickly vetted and converted to cash to support your nonprofit through a national real estate auction platform and a title company partnership. Donors do not pay for anything and only need to fill out a seller disclosure and sign the deed at closing. We take care of everything else.

What do I need in order to donate?

In order to donate property, we must have written consent from any and all property owners. Your letter of intent will outline the donation terms. The title report will show the related ownership information.

How much money goes to the nonprofit or public media station I choose?

Your chosen benefactor will receive 80% of the net proceeds of your property donation. CARS (Charitable Adult Rides & Services), a 501(c)(3) nonprofit, also benefits from your property donation through Giving Property

Can I donate real estate with a mortgage balance?

Yes, you can donate real estate with a mortgage balance. The proceeds of the auction sale will be used first to pay off any mortgage balance. Prior to the auction, Giving Property will determine if the likely value exceeds the mortgage balance. Please note: In cases where an asset doesn’t have enough equity to result in a surplus, we will not be able to accept it.

How will the tax deduction be determined?

Real estate donations are based on the full appraised value, not the sale price. In most cases, donors may deduct the difference between the cash received and the fair market value based on an appraisal specifically completed to assess the value based on IRS gift appraisal guidelines. Donors may not deduct proceeds that were applied to pay off mortgages or back real estate taxes. The deduction can be carried forward up to five years following the year of sale.

How long does it take to complete a real estate donation?

Most property donations will be completed within 45 days, some as quickly as 14 days. Our goal is to maximize the value of the property.

Donors do not have to pay any commissions. If the property is currently listed with a broker, Giving Property will pay the commission owed based on either the list price or the tax assessor value if there is no list price. All unpaid liens will be paid off at closing. The donor is generally not asked to pay anything out of pocket, and there are no closing costs to the donor. Prepaid property taxes and assessments will be remitted back to the donor at closing.

Can either party cancel the donation agreement?

In short, it depends on the transaction. If we can’t achieve a sales price that results in a surplus or if there are title or serious repair issues found, we may have to terminate the donation agreement.

What if a property has environmental issues?

Giving Property does have the ability to process properties with environmental issues; however, only high-value assets would be considered due to the risk and complexity. We have investors specializing in environmental cleanup and often issue indemnities to sellers via complex insurance placements.

Who operates Giving Property?

CARS (Charitable Adult Rides & Services), a 501(c)(3) nonprofit, operates the Giving Property real estate donation program. To learn more, visit our About Us page.