A gift of property including real estate, jewellery or art can be an attractive way to make a substantial commitment to the Rotary Bursary Endowment Fund and to realize important tax and income benefits.
Prior to making a gift of real estate, you will need a professional appraisal completed by a qualified third-party appraiser to determine the fair market value of the property. With the appraisal complete and the property legally transferred, a receipt for income tax purposes will be issued for the appraised value.
There are many ways to make this donation: you can give the property outright, place it in trust, retain the use of it for life or gift it by Will.
If you have any questions, please do not hesitate to Contact Us.