Your tax deductible donation benefit your community for generations. As you support our work with funds, houses or property you help the Community Land Trust fulfill its mission to create affordable housing for those who need it most. Click here to make a donation now.
Consider leaving a legacy through the donation of your home.
Gift: Are you moving but don’t need the proceeds of the sale to make the move? Consider just donating your home to Thurston Housing Land Trust when you move. As an outright gift, you can avoid capital gains taxes and take a charitable deduction on the fair market value of the property (up to 30% of your adjusted gross income per year).
Bequest: A bequest means that the property would be transferred to THLT upon your death. You retain ownership rights to the property during your lifetime. This leaves a lasting legacy of stability for families far into the future and decreases the tax burden on the inheritors of your estate.
Gift with retained life estate: Want to donate your home to THLT but keep on living there, too? When you make a gift with retained life estate, your property will be transferred to THLT without going through probate upon your death. This type of gift is eligible for tax deductions calculated at the time the gift is given, based on current interest rates and the donor’s age. A gift with retained life estate may also give you property tax advantages because homes in our portfolio are assessed based on the resale formula value rather than the full market value of the property.