Donate Real Estate

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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.

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 26 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 26.

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

FAQ fact sheet

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.

Want to learn more?

For additional information, you might want to see our most recent financial statements and our 990.

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