Gifts of Heritage Partnership
The National Trust for Historic Preservation and the Human Rights Campaign Foundation have formed a partnership to cooperatively market Gifts of Heritage, a charitable program that accepts donations of architecturally or historically significant homes and then sells them to preservation-minded buyers. This will allow donors who have an interest in supporting advancement of the LGBT community and historic preservation an opportunity to support both national institutions, and insures that historically or architecturally significant properties are preserved for future generations in private ownership.
The partnership is structured such that the National Trust for Historic Preservation will take ownership of properties gifted through the program and manage them until sold. A preservation and conservation easement protecting the property will be established and described to potential buyers. Marketing and sale of properties will be done in consultation with Human Rights Campaign Foundation. A portion of the proceeds will be placed in an endowment fund for the National Trust for Historic Preservation to regularly monitor the easement.
Individuals may donate their property during their lifetime either outright or with a retained life estate, or they may donate it through a bequest in their will. There are three general requirements for a property to be eligible for the Gifts of Heritage program: be at least 50 years old with architecturally defining features; be unencumbered (no liens or mortgages); and, meet minimum valuation requirements. Donors receive a charitable deduction on their federal income taxes, avoid capital gains on the property's appreciated value and remove the asset from their estate.
Contact
Marilyn Kochan, director of planned giving, National Trust for Historic Preservation
Marilyn_Kochan@nthp.org
202-588-6175
Timothy Mahoney, director of estate planning, Human Rights Campaign
Timothy.Mahoney@hrc.org
202-216-1563
