In this newsletter, you are reading the stories of multi-generational ranching families and their commitment to stewarding their landscapes for years to come. We know not everyone has that security of knowing who will care for the future of their properties, even after spending the better part of a lifetime building that special place. If this sounds like you, you should know that there are philanthropic options you can consider that may also provide immediate benefits, in addition to your peace of mind.

Here are some ways to leverage your real estate asset for the most good. 

1. Outright 

The simplest way to donate is an outright gift. This has become a popular option for people like you, and it provides dividends for long-term conservation efforts. At the Rangeland Trust, once a property is received it is typically sold to a conservation-minded buyer, preferably with a conservation easement in place, with the proceeds going to advance our mission long-term. You’ll receive an income tax charitable deduction for the fair market value, when you itemize. You’ll also save on broker expenses because you’re donating, not selling.

2. A Gift in Your Will

Making a gift of real estate in your will or trust ensures support after your lifetime. This gift doesn’t affect your current income or lifestyle; you can also change your mind at any time. 

3. Retained Life Estate

Donate property but continue to live there for a specified period of time (usually through your lifetime or that of a spouse). You pay all taxes and handle property maintenance, but you will qualify for an income tax charitable deduction for a portion of the value of your home in the year you make the gift.

What’s My Next Step?

Reach us at sfoucault@rangelandtrust.org or (916) 444-2096 for a no-obligation conversation. We can help you prepare the right questions for your financial or estate planning teams. You may wish to bring family members and other heirs of your estate into the conversation early, so they understand your philanthropic goals.