Serving Bellingham & Whatcom County
Coldwell Banker Bain
Tom DeRose :: Wireless: 360-220-9355 :: Email: tderose@coldwellbankerma.com
PeaceHealth Real Estate Pooled Income Fund
Posted on October 25, 2011
Here's a program that may be of interest to you. PeaceHealth (St Joe's Hospital and more) has created a program whereby people can make a real estate donation to the PeaceHealth Pooled Income Fund and receive substantial annual rate of return and tax benefits. The Fund invests in buildings leased to PeaceHealth on a long-term basis.
The Fund will pay a 6% annual rate of return on funds contributed in 2011. There is a $10,000 minimum donation. The donated property must be mortgage free.
The Fund offers the following advantages to donors who are looking for tax benfits and lifetime income:
- All capital gains taxes and depreciation recaptures otherwise incurred in a sale will be avoided.
- A substantial charitable tax deduction is realized allowing deductions up to 50% of adjusted gross income.
Call PeaceHealth, 360-788-6866 for more information.
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