Gifts of Real Estate
Donating appreciated real estate—such as a primary residence, vacation property, undeveloped land, farmland, ranch, or commercial property—can be a meaningful way to support the Maritime Museum of San Diego while potentially providing significant tax benefits.
Benefits of gifts of real estate
- Avoid paying capital gains tax on the sale of appreciated real estate.
- Receive a charitable income tax deduction based on the value of the gift.
How to make a gift of real estate
Real estate may be gifted to the Maritime Museum of San Diego by executing a deed that transfers ownership of part or all of the property. Gifts are generally based on the property’s fair market value, which must be established by an independent appraisal.