{"id":496,"date":"2021-05-16T20:21:00","date_gmt":"2021-05-16T20:21:00","guid":{"rendered":"https:\/\/fundingmatters.com\/blog\/fmi\/?p=496"},"modified":"2021-06-18T19:12:43","modified_gmt":"2021-06-18T19:12:43","slug":"a-real-estate-plan","status":"publish","type":"post","link":"https:\/\/fundingmatters.com\/blog\/?p=496","title":{"rendered":"A Real Estate Plan"},"content":{"rendered":"\n
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A\u00a0Real<\/em>\u00a0Estate<\/em>, Estate Plan<\/h2>\n\n\n\n

In our last blog<\/a>, Gary expressed that the amount of real estate in existence was finite, and he didn\u2019t want his donation to fall into the black hole. He was satisfied with the establishment of the organization\u2019s foundation which would be a golden goose for the charity. So, he decided that part of his estate would include two significant real estate holdings to the organization. <\/p>\n\n\n\n

He had discussions with his accountants who took great lengths to ensure that these assets could be received and realized by the organizations. Ultimately, this took months of ongoing discussions for Gary\u2019s wishes to be fulfilled. Although he passed away, Gary was at peace knowing that his land was being used by a good cause.  <\/p>\n\n\n\n

Yet, while Gary went this route, it wasn\u2019t the only direction available to him. You see, not all giving is straightforward, and there are many strategies that we explored with Gary as he was evaluating his options. Gary could have created a Donor Advised Fund (DAF) had he not chosen to donate to a charity directly. Let\u2019s explore what this option would have looked like.\u00a0<\/p>\n\n\n\n

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Above) Gary’s donation resulted in him eliminating the tax through his charitable contribution. Gary’s heirs received $2,607,505 and Gay’s charity received $2,392,495. It’s was a win-win-win for all!\u00a0<\/figcaption><\/figure>\n\n\n\n

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What is a Donor-Advised Fund? <\/strong>
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A DAF is a giving account established at a public charity. It allows a donor to\u2026<\/p>\n\n\n\n