Homeowners offer houses to charities instead of cash

Homeowners offer houses to charities instead of cash

Charities and nonprofits have long been the recipients of donated cash, cars, food and clothing, but now there is a trend toward houses.

More people say they are feeling the financial burden of paying taxes, insurance and maintenance on houses that won’t sell and continue to drop in value. When they donate the house, the charity benefits from proceeds from its eventual sale and the donor gets a tax deduction.

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