Real Estate Gifts

Advancing the quality of health care in Hancock and western Washington Counties through philanthropic and community support for Maine Coast Memorial Hospital.

Before you sell real estate, consider your options. If you'd like to help fulfill our mission, your property opens the door to a unique giving opportunity. Residence, forest land, or other real property may be given to Maine Coast Healthcare Foundation as an outright gift. You may prefer to donate your home or farm to the Foundation and continue to utilize the property throughout your lifetime. Both options enable you to enjoy personal financial benefits while supporting our mission in a meaningful way.

When you make an outright gift of real property held for more than a year, you obtain an income tax charitable deduction equal to the property's full fair market value. This deduction lets you reduce the cost of making the gift and frees cash that otherwise would have been used to pay taxes.

By donating the property to us, you also avoid capital gains tax on the property's appreciation. Furthermore, the transfer isn't subject to the gift tax, and the gift reduces your taxable estate.

A gift of a remainder interest in a personal residence or property provides the donor with a current income tax deduction for the present value of the remainder interest and also permits the donor to eliminate any capital gains taxes on the appreciation.

Contact a professional financial advisor and our Foundation director to receive the guidance you need to donate your property to Maine Coast Healthcare Foundation. Your gift will have a significant impact on the lives of individuals in our community for years and years to come.