Create an enduring legacy by donating property to support our mission of preserving and enhancing the green spaces in our community. Your generous donation of land will not only contribute to the conservation of our natural resources but also ensure that future generations can enjoy and benefit from these vital green spaces. Join us in making a lasting impact on the environment and the well-being of our community by donating property today.
Can it work for you?
A gift of real estate may be for you if:
- You hold residential, commercial or undeveloped real estate that has risen in value and that you no longer wish to maintain.
- You are concerned about rising real estate taxes and the capital gains cost of selling the property.
- The property is useful to our mission and would benefit the residents of the City of Newport News as a green space.
How you may benefit
- You receive an income tax deduction for the fair market value of the real estate.
- You may reduce or eliminate capital gains taxes owed on an asset.
- Your ownership responsibilities are eliminated.
- You will create an enduring gift for a greener future.
How it works
- Your first step should be to contact us at info@nngreen.com to discuss the property and its eligibility for donation.
- After our initial discussion, properties eligible for donation will go through several committees for approval and a final board vote.
- Donors will be responsible for drafting a deed of gift to the Foundation and, if claiming for a tax deduction, for a Fair Market A of the property Appraisal which is required by the IRS.
- Once the donation is complete, the Foundation will send all necessary recognition of the contribution to the donor.
How it works
Some considerations
Some considerations
When considering a donation of property, the Newport News Green Foundation weighs it against the following guidelines:
- In most cases, we would like the property and title to be completely free of all encumbrances (mortgages, leases, etc.). However, we can and do consider bargain sales of properties and can help relieve a donor of outstanding debts on the property. Each circumstance is considered on a case by case basis.
- Typically, we do not sell or accept conservation easements but will consider deed restrictions on a case by case basis.
- Properties with environmental hazard concerns are not ideal, but also will be considered on a case by case basis.
- Properties on a major thoroughfare, those that are wholly situated in the City of Newport News, Virginia, and/or those with significant preservation value are prioritized.
Donate to help us to care for our current and future green spaces!
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