"Before meeting the Dominicans I had no real thirst to seek the Truth, and now seeking the Truth has become my life's work."
Bayli, Deming, WA
"I've greatly appreciated the service of Dominicans through their orthodox defense of the faith, inspiring preaching, and ministry at parishes and on university campuses."
Joe, San Diego, CA
"The Dominicans have helped us immensely in our spiritual growth with their dedication...to praise, to bless, and to preach [the Gospel]."
Elpidio and Maria, Vallejo, CA
"The Dominicans preach the Gospel of our Lord Jesus powerfully and knowledgeably. I need this! And so does the Church and the world!"
Keith, Coeur d'Alene, ID
Gifts of Real Estate
Before making a gift of real estate, please contact the Development Office at firstname.lastname@example.org or (510) 295-0115.
Unfortunately, not all property can be accepted, and due diligence is required to protect the donor and the province from costly errors.
For thousands of years, the gift of land has made some of the Church’s most inspiring places of worship and study possible.
Similarly, the funds from property sales have also advanced the mission of St. Dominic in profound ways. Your gift of real estate can continue that great tradition.
Real estate can be donated even while you continue to use it (aka "Life Estate"), and can offer significant savings on your taxable estate.
Appraisals are needed, and unfortunately, not all property can be accepted.
Real estate can also be transferred through what’s called a “Bargain Sale”.
How a Bargain Sale Works
- You sell the Province of the Holy Name, Inc. your property for a price less than fair market value.
- You receive the cash from the sale and a charitable deduction for the difference between the fair market value and bargain sale price.
- While you may owe some tax on the amount you receive from the sale, the charitable deduction from your gift could offset your taxes this year.
Benefits of a Bargain Sale
If you are considering selling your property, a bargain sale will help you meet your goals. Bargains sales can:
- Avoid capital gains tax on your charitable gift.
- The deduction from your gift will give you valuable tax savings that may reduce your tax bill this year.
- With the cash received from the sale, you may then reinvest to create more income for your future.
- You’ll be helping to advance the mission of St. Dominic!
Due Diligence for Real Estate Gifts
With gifts of real estate, the Province of the Holy Name, Inc. performs a due diligence evaluation of the property to determine its acceptability.
This evaluation has two purposes: to ensure a meaningful gift will result with real impact for the donor, and to ensure that the province and the donor share an understanding about what will happen with the property.
Due diligence includes an assessment of the property’s marketability, outstanding mortgages, liens, or presence of hazardous materials or dangerous conditions.
The province will always work transparently with donors to understand the process and discuss any actions needed to make the property acceptable for transfer.
To begin this process, please contact our Development Office at (510) 295-0115 or email@example.com.
Make an In-Kind Gift
The treasures you have today could help advance the mission of St. Dominic tomorrow.
Gifts-in-kind are appreciated, and can supply the friars with important equipment, tools, supplies, and valuables, such as computers, cameras, art or books, quality vehicles, and other materials helpful to our mission of preaching.
As we are unable to accept all items, please contact the Development Office at firstname.lastname@example.org or (510) 295-0115 to inquire about the options available to you.
Basic Acceptance Policy
All gifts-in-kind are reviewed, accepted and officially acknowledged. Prior to acceptance, the gift is reviewed to see if it meets province needs.
The Province of the Most Holy Name reserves the right to decline any gift that does not further the province’s goals or may involve special maintenance or other conditions the province would be unable to satisfy.
The donor is responsible for making arrangements to deliver the gift. Additional approvals may be required for works of art.
IRS Appraisal Guidelines
The province does not provide gift valuation. In accordance with IRS regulations, the donor is responsible for determining the value of an accepted gift. If the estimated value of the gift exceeds $5,000, then a qualified appraisal is required by the IRS to substantiate a donor’s charitable deduction for gifts-in-kind.
Province employees and volunteers are not qualified appraisers, and federal regulations do not permit the province to give appraisals or estimates of value.
For taxation details, see IRS Publication 526.