Donate Real Estate
Appreciated non-cash assets are often the most tax-smart charitable gifts
Charitable gifts of real estate are a win-win. For the donor, the gift can provide relief from capital gains taxes; reduce federal, state, and transfer taxes; eliminate management responsibility and questions regarding future use and ownership; and may also provide a potential income stream.
For Tenacity, not only does a gift of real estate increase our funding, it allows donors to leverage one of their most valuable investments to achieve maximum impact with their charitable giving.
Highly Appreciated Asset
Whether it’s the family home, undeveloped land, a rental property, or some other investment property, real estate held for more than one year may be the most highly appreciated asset a person owns.
Eliminate Capital Gains
A donor may potentially eliminate the capital gain tax liability triggered by selling the real estate and then donating the proceeds, which may increase the amount available for charity by up to 20 percent.
Fair Market Deduction
If a donor itemizes deductions on their tax return instead of taking the standard deduction, they also may claim a fair market value charitable deduction for the tax year in which the gift is made.
Tenacity is a tax-exempt 501(c)(3) organization in accordance with the IRS Code. Our EIN number is: 04-3452763.
Consider a Planned Gift Today
Unfortunately, inequities in education are projected to persist for years to come. Students within the city of Boston deserve the same access as children elsewhere to an adequate education, sufficient fitness, and a supported pathway to post-secondary success.
Fortunately, forward thinking and acting philanthropists can ensure Tenacity programs and services remain vibrant and available for future students so that one day the opportunity and achievement gaps will close.
Please let us know if you’ve already established Tenacity as a beneficiary in your estate plans. If you haven’t, consider how a planned gift in your estate plan will perpetuate your legacy as someone who cares about the future of education and children in Boston.
Please contact Brendan McCue at (617) 756-1145 or brendanmccue@tenacity.org to share your long-term philanthropic goals and for assistance. If you’d like to take action today for tomorrow’s students, consider naming Tenacity a beneficiary by simply contacting your estate planner or attorney and providing the information below with the request to amend your will. Please let us know of your planned gift commitment so that we may properly acknowledge your generosity.
Legal name: Tenacity, Inc.
Location: 38 Everett Street, Suite 50, Allston, MA 02134
Federal tax ID number: 04-3452763
“I give to Tenacity, a nonprofit corporation currently located at 38 Everett Street, Suite 50, Allston, MA 021344, or its successor thereto, ______________* [written amount or percentage of the estate or description of property] for its unrestricted use and purpose.“
Other ways to donate
If you prefer to mail your donation to Tenacity directly, please forward your check, made payable to “Tenacity,” to the following address:
*Please specify if your donation is meant to support the Worcester Summer Tennis & Reading Program
Tenacity, Inc.
Attn: Development Department
38 Everett Street, Suite 50
Boston, MA 02134
Please include a letter with your name, address, phone number, email address, and donation amount, so we can show our gratitude for your support.
If you would like to donate over the phone, please have your Visa or MasterCard information available and contact our Development Department at (617) 562-0900 x 2001 to complete your contribution.
*Please specify if your donation is meant to support the Worcester Summer Tennis & Reading Program
Stock that has increased in value is a wonderful asset to use for charitable giving. Once it has been held for a minimum of a year, making a gift of securities to Tenacity offers you the chance to help our organization while realizing many important personal benefits.
Why pay taxes if you don’t have to? A charitable gift of stock completely avoids the long-term capital gains tax, allowing the full value of the asset to benefit Tenacity.
For more information on this type of donation opportunity, please contact our Development Department at (617) 562-0900 x 2002.
Make the Gift of a Lifetime
Tenacity can help turn your individual retirement accounts (IRAs) into tax-saving charitable gifts. As part of the 2015 PATH Act, legislators passed a permanent extension of Charitable IRA legislation, making it easier for Americans to give to causes they care about. The Charitable IRA provision has the power to help local charities like Tenacity strengthen their communities by allowing individuals who are age 70½ or older to roll over up to $100,000 and married couples to roll over up to $200,000 from Individual Retirement Accounts (IRA) annually to charity without being federally taxed.
Why Make an IRA Charitable Rollover Gift?
An IRA rollover gift is a way for you to support Tenacity today without impacting your checking or savings account balance. Gifts made from your IRA (up to $100,000 per year for individuals and $200,000 for married couples) are not reportable as taxable income. They also qualify for your required minimum distribution (RMD) which can lower your income and taxes.
IRA Charitable Rollover Tools
Click below to download helpful tools.
Sample letter to IRA custodian or administrator for a charitable distribution from an IRA
This information is not intended as tax, legal or financial advice. Gift results may vary. Consult your personal financial advisor for information specific to your situation.
Donate through a Donor Advised Fund
A donor-advised fund (DAF) is a type of giving program that allows you to combine the most favorable tax benefits with the flexibility to easily support your favorite charities. An increasingly popular charitable vehicle, DAFs are an excellent way to both simplify your charitable giving and facilitate your strategic philanthropic goals.
- Establish your DAF by making an irrevocable, tax-deductible donation to a public charity that sponsors a DAF program
- Advise the investment allocation of the donated assets (any investment growth is tax-free)
- Recommend grants to qualified public charities of your choice
Simplicity — The DAF sponsor handles all recordkeeping, disbursements, and tax receipts.
Flexibility — Timing of your tax deduction can be separate from your charitable decision making.
Tax efficiency — Contributions are tax-deductible, and any investment growth in the DAF is tax-free. It is also easy to donate long-term appreciated securities, eliminating capital gains taxes and allowing you to support several charities from one block of stock.
Family legacy — A DAF is a powerful way to build or continue a tradition of family philanthropy.
No start-up costs — There is no cost to establish a donor-advised fund. However, there are often minimum initial charitable contributions to establish the DAF (typically $5,000 or more).*
No transaction fees — Once approved, 100% of your recommended grant goes to your qualified public charity of choice.*
Privacy if desired — Donors may choose to remain anonymous to the grant recipient.
* Sponsoring organizations generally assess an administrative fee on the assets in a DAF. These fees vary by the charity that sponsors a DAF program.
Want to learn more?
For additional information, you might want to see our most recent financial statements and our 990.