Similar to gifts of appreciated stock, the gift value of contributions of real estate is the fair market value of the property at the time of the gift—not the original purchase price.

And no taxes will be due on the appreciated value of the property.

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Note that these gifts not only provide benefits to Old Mission San Luis Rey Historic Foundation, Inc, but to you as well. In many instances you will have the satisfaction of supporting the purpose of Old Mission San Luis Rey Historic Foundation, Inc, as well as qualifying for tax benefits.

Check with your professional tax advisor to determine the advantages available to you.