» Real Estate/Personal Property
A gift of your residence, farm, vacation home, commercial property or parcel of undeveloped land will generally offer you a tax deduction for the full fair market value, while avoiding all capital gains taxes.
Real Estate with Life Tenancy
You can receive a substantial income tax deduction by giving (deeding) your residence or farm to the NMMI Foundation. You continue to occupy, maintain and enjoy the full use of your property for life. In addition, any income your property generates is yours to keep. Upon your death, the NMMI Foundation will sell your property to support the needs of NMMI.
Gifts of personal property are welcome (collections, royalties, mineral rights, etc.). Charitable tax deductions are available in the year of the gift.