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A gift of appreciated assets or real estate can provide greater tax benefits than cash gifts. By giving these assets to the Tommy Nobis Center, rather than selling them yourself, you do not incur any capital gains tax and generally your charitable deduction is based on the fair market value (subject to IRS limitations). This allows you to prevent any loss of value through taxes and make a larger gift to the Tommy Nobis Center than you may have thought possible.A gift of real estate, whether your principal residence or vacation home, may be the right strategy for you in meeting your financial and estate planning goals. To ease estate tax burdens, you may consider a bequest of real estate in your will. You and your spouse may decide to make a gift of real estate but retain the right to live in the house for your joint lifetimes. This provides you with a charitable tax deduction in the year of the gift, and you and your spouse retain rights and duties of ownership for your lifetimes. A gift of real estate to the Tommy Nobis Center can offer special benefits and be accomplished in different ways. You are well advised to seek the services of a financial advisor before making a decision on this matter. Return to Making a Planned Gift
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Ray Simms is one of the Center's most motivated warehouse workers. And his attitude is contagious. When new clients (job trainees) come to the Tommy Nobis Center, Ray makes them feel welcomed, keeps them excited, and helps them too to find confidence and success. View Employment Opportunities.
