Benefits of the Legacy Property Fund

 

Keystone Conservation Trust designed the Legacy Property Fund to provide maximum financial and philanthropic benefits to individuals and non-profit organizations through the sale of homes and other real estate. The tool also provides conservation benefits, relieves one of the burden of moving, and offers a powerful mechanism to demonstrate philanthropic leadership in one's community - generating new capital for philanthropy.

Much like the donation of an appreciated security, the donation of part or all of one's property into the Legacy Property Fund allows a donor to minimize taxes and transaction costs while maximizing philanthropic benefits according to one's own personal timetable and needs:

    * Minimizes or eliminates capital gains tax at the time of sale, and instead converts the saved tax into a charitable gift while receiving an income tax deduction. How does this impact my taxes?
    * Reduces transaction costs of the sale (i.e., transfer tax, brokers' and legal fees)
    * Shifts the home from being an estate tax burden to a significant charitable asset and gifting opportunity within one's wealth management strategy
    *Gives your preferred charity(ies) the full, higher donated value of the asset gift, not reduced by taxes and transaction costs

With the Legacy Property Fund tool, Keystone Conservation Trust also provides non-tax benefits to the donor and non-profit organization(s):

    * Allows the donor to live on the property for as long as desired
    * Handles all aspects (logistics and liability) of the donation and sales transaction
    * Accepts and resells any residual property (furniture, etc.) for charitable benefit
    * Distributes the net sales proceeds to charity(ies) of the donor's choice

Through the Legacy Property Fund, Keystone Conservation Trust offers significant conservation benefits to the donor and organization(s):

    * Conserves the beauty of the donated property forever at the time of re-sale
    * Magnifies the conservation impact for an individual by pooling the individual's home sale proceeds in the Legacy Property Fund with the monies from others. The pooling increases the total amount and flexibility available through the Legacy Property Fund for critical conservation projects in need.
    * Protects our cherished natural and cultural resources from sprawling development

The Legacy Property Fund allows donors of all income ranges and property values to consider meaningful gifts to their favorite charity(ies) through their home'a gift which many have never considered, can provide individual tax savings and can translate the savings into philanthropic gifts. These 'Homes for Philanthropy' can demonstrate philanthropic leadership at all levels for many.