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CallFrequently asked questions about donating.
Answers to questions about donating real estate
General
How do I donate property?
We have streamlined the real estate donation process to make it as simple for our donors as possible. After providing your information, you will be contacted by a member of our team to get a better understanding of your property.
Kars4Kids will do a property review, including a title, tax and lien search and a review for environmental issues.
Upon acceptance, Kars4Kids will handle all the paperwork and technical aspects of the donation, such as deed transfer and closing. The receipt and IRS form for your deduction will be sent out shortly after closing.
Kars4Kids will do a property review, including a title, tax and lien search and a review for environmental issues.
Upon acceptance, Kars4Kids will handle all the paperwork and technical aspects of the donation, such as deed transfer and closing. The receipt and IRS form for your deduction will be sent out shortly after closing.
What are the benefits of real estate donation?
Property owners have benefited from unique tax savings when donating to Kars4Kids. The immediate freedom from having to pay costly maintenance and holdings fees, as well as broker and selling costs makes donating a valuable alternative to selling.
Upon donation, you will receive a tax deduction based on the FULL appraised value of your property. Kars4kids will also handle all transfer and closing costs.
Upon donation, you will receive a tax deduction based on the FULL appraised value of your property. Kars4kids will also handle all transfer and closing costs.
How does Kars4Kids determine the approval of a real estate donation?
At Kars4Kids, our team of specialists review every offer of real estate which we receive, to ensure that the charity can benefit from the donation. We analyze a variety of different factors to maximize the potential of every property donation.
How long does the process to donate take?
If all papers are in order, and the title is clear of any issues, the process typically takes between 3-6 weeks. For time sensitive situations, Kars4kids can expedite the process.
Let’s discuss if donating is right for you.
Tax Deduction
How much can I claim for a tax deduction?
As a general rule, you can claim the fair market value of the donated property. Consult your tax advisor for details.
When can I claim my tax deduction?
You can claim a tax deduction in the year that the property is donated. Depending on your tax situation, you may be able to claim the deduction for up to five years.*
How do I establish the fair market value of my property?
The fair market value of your property is determined by the appraisal of a qualified third-party appraiser.
*Kars4kids does not provide financial or tax advice. Please consult with your tax advisor before making any decisions
Types of Properties accepted
What kind of real estate can I donate?
You can donate land, residential homes, vacant lots, commercial buildings, industrial properties, apartment buildings, mobile homes, and condos.
Kars4Kids accepts property donations throughout the United States.
Kars4Kids accepts property donations throughout the United States.
Can I donate my house to charity if it needs repairs?
Yes, you can still donate your house even if it's in less than ideal condition.
Can I donate my property to charity if it is encumbered by a lien or has past due taxes?
Every property needs to be evaluated separately, fill out the donation form and we will get back to you.
Do you accept environmentally contaminated property?
It depends. Kars4Kids will review the property and decide if the environmental issue is one that we can resolve.
Are there any properties you don’t accept?
Unfortunately, at this time we do not accept timeshares or properties that are “under water”.
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