This photograph has a historical and sentimental value. United In Service: United Relief Foundation first house project was with the Coalition of Veterans Organizations
Frequently Asked Questions
Donations Are Tax Deductible To The Extent Of The Law
Year-round, the United Relief Foundation considers all types of residential, retail and commercial real estate in all sorts of condition within the city limits of Chicago or its neighboring suburbs. At this time we are NOT accepting vacant land.
To help you be well infomed, we have posted the most frequently asked questions. However, please do not hesitate to contact us with your questions or concerns.
(888) 718-0989 Ext 1.
Will United Relief Foundation consider real estate that is in need of repairs or I can’t sell?
Yes. Even if your property is in less than ideal condition or you’re having difficulty selling, it still may be determined to have some value.
Do I need to be present at closing?
No. You, or your attorney, will be mailed (or emailed if you perfer) all the necessary documents for your signature. In addition, after the deed is transferred to the United Relief Foundation, we will mail a receipt/confirmation of your donation as well as a thank you letter on behalf of United Relief Foundation and the Veterans we serve.
Will I be charged any fees and do I need an appraisal?
You will not have to pay for closing and recording fees. However, in order to receive your tax deduction, you’ll need a current appraisal on the property. According to IRS regulations, recipient of real estate donation United Relief Foundation cannot pay for the appraisal or recommend any appraisers.
How long does the process take?
To expedite the process the United Relief Foundation use third-party providers and if all papers are in order, the title is clear and there are no outstanding issues, the process typically takes between 7 to 14 days.
You Should Know
1. United Relief Foundation (URF) is an Illinois chartered non-profit Incorporation
2. URF is a tax-exempt 501 (c)(3) organization – EIN #20-4374530
3. URF uses third-party real estate, legal and tax professionals
4. You will be required (IRS regulation) to have an independent real estate appraisal performed at your expense
5. Your real estate will be subject to URF’s acceptance criteria and condition evaluation process
6. Your real estate will be assessed for its potential to be sold to support URF operations and activities
7. Your real estate donation may not be accepted. Since the cost of owning, renovating and maintaining real estate requires substantial monetary and human resources that would better serve Veterans in need, United Relief Foundation’s third-party professionals thoroughly review and carefully assess every offer to donate real estate for best use or sale potential
8. Should your real estate be accepted, you shall receive a standard “donation” agreement to start the transfer process
United Relief Foundation does NOT give legal or tax advice and strongly advises that you speak with a legal or tax professional.
The Internal Revenue Service has strict rules governing donations of non-cash property to tax-exempt nonprofit organizations. For gifts of property valued at over $250, the organization must provide the donor with a written acknowledgment of the donation that includes information required by the IRS. The organization is required only to acknowledge receipt of the property; it should not use the acknowledgment to establish the property’s value. It is the donor’s responsibility to establish the fair market value — or FMV — of the donated property based on IRS rules and to indicate the value when the deduction is listed on the donor’s tax return. If the organization or the donor fails to follow the rules, the donor can lose the right to deduct the donation, and both parties can face IRS fines and penalties.