Gift of Real Estate
North State Public Radio
Real Estate Program
The North State Public Radio Real Estate Program lets you donate property and support your local public radio station. If you’d like to avoid the hassle of selling your property and worrying about getting a fair price — while qualifying for a federal income tax charitable deduction — then consider making a real estate gift today.
Why Donate Real Estate?
Depending on the method you choose, a gift of real estate may allow you to:
- Make a significant gift to North State Public Radio.
- Qualify for an income tax charitable deduction.
- Reduce or eliminate capital gains tax.
About Real Estate Donations
North State Public Radio partners with CARS (Charitable Adult Rides & Services) to process real estate donations. Our program takes any property type (land, homes, commercial) in any location so long as there is equity. Even if you owe back taxes, have a mortgage balance or deferred maintenance, it's not a problem. We will pay off all loans, liens and commissions owed and pay all closing costs. If you have a real estate asset that is costing you money or not being utilized, donating it is a great way to give back — and you may even claim a significant tax deduction!
How it Works
Start
Step 1
SUBMIT
Understand Your Scenario
Property Information Submitted
Step 2
EVALUATE
Review the Valuation, Liens, Condition, Closing Costs
Donation Purchase Contract Finalized
Step 3
SALE
Identify the Best Sale Method and Go to Auction
Nonprofit-Buyer Purchase Contract
Step 4
CLOSING
IRS Forms Sent, Appraisal, Proceeds to Nonprofit
Deed Recorded
