REAL ESTATE & PROPERTY DONATION PROGRAM

Turn Property Into Possibility

Silver Lining Foundation Inc. welcomes opportunities to receive donated real estate and property that can help advance our charitable mission of expanding housing opportunities and supporting individuals and families in the communities we serve.

A donated house, residential property, vacant lot, or other suitable real estate may provide the foundation with an opportunity to create housing, support future housing development, strengthen community initiatives, or generate resources that further our charitable purposes.

Property We May Consider

Silver Lining Foundation Inc. may consider donations of:

• Single-family homes
• Multi-family residential properties
• Vacant residential land and buildable lots
• Manufactured or modular homes with transferable ownership
• Residential buildings requiring reasonable rehabilitation
• Commercial or mixed-use property when consistent with the Foundation's charitable purposes
• Undeveloped land suitable for future charitable development
• Other real property reviewed and approved by the Foundation

We may also consider property donated through an estate, will, trust, beneficiary arrangement, or other planned-giving structure, subject to legal and financial review.

How Donated Property May Be Used

Depending upon the property, location, condition, funding availability, restrictions, and needs of the Foundation, donated property may be:

• Used directly in furtherance of Silver Lining Foundation Inc.'s charitable housing mission;
• Rehabilitated or developed for future housing or community use;
• Held for future charitable development;
• Sold, transferred, exchanged, or otherwise disposed of, when legally permissible, with proceeds used to further the Foundation's charitable purposes; or
• Declined when acceptance would not be in the best interests of the Foundation.

Acceptance of a donation does not guarantee that a particular property will be used for housing or retained by the Foundation.

Property Review & Acceptance

Submitting information about a property does not constitute acceptance of a donation.

All proposed real estate donations are subject to review and final approval by Silver Lining Foundation Inc. before ownership is transferred.

Depending upon the property, the Foundation may request or obtain information concerning:

• Ownership and title
• Mortgages, liens, judgments, or other encumbrances
• Delinquent or current property taxes and assessments
• Property condition
• Building or code violations
• Zoning and permitted use
• Existing leases, tenants, occupants, or possessory rights
• Insurance considerations
• Environmental conditions or potential contamination
• Utilities and municipal obligations
• Surveys, legal descriptions, deeds, and title documentation
• Maintenance, rehabilitation, demolition, or development costs
• Other legal, financial, environmental, or operational matters affecting the property

Silver Lining Foundation Inc. reserves the right, in its sole discretion and consistent with its governing documents and applicable law, to accept or decline any proposed property donation.

The Foundation may require satisfactory title review, inspections, environmental review, professional advice, board approval, and/or other due diligence before accepting title.

Important Information for Property Owners

Donors should consult their own attorney, tax professional, financial advisor, and/or qualified appraiser concerning the legal and tax consequences of a proposed donation.

Silver Lining Foundation Inc. does not provide individual legal, tax, appraisal, investment, or financial advice.

The Foundation does not determine or represent the fair market value of donated real estate for a donor's federal, state, or local tax purposes.

The donor is responsible for obtaining any appraisal or other documentation required to substantiate a charitable deduction.

A charitable contribution deduction is subject to applicable federal and state law and the donor's individual circumstances. Silver Lining Foundation Inc. does not guarantee that a proposed or completed donation will qualify for a particular tax deduction or deduction amount.

Donation Acknowledgment

Following the completed acceptance and transfer of an eligible property donation, Silver Lining Foundation Inc. will provide appropriate written acknowledgment of the contribution in accordance with applicable requirements.

For noncash donations, the Foundation's acknowledgment will describe the property received but generally will not assign or certify the property's value.

When applicable, the Foundation may complete the donee acknowledgment portion of IRS Form 8283 after the required donor information has been completed. The Foundation's signature acknowledges receipt of the property and does not constitute agreement with or certification of the donor's claimed value.

No Automatic Assumption of Liabilities

Silver Lining Foundation Inc. does not automatically accept responsibility for mortgages, liens, unpaid taxes, assessments, utility balances, environmental liabilities, code violations, leases, occupants, contractual obligations, or other liabilities associated with a proposed donation.

Any such obligation must be disclosed and specifically reviewed before the Foundation agrees to accept the property.

No donor, owner, representative, broker, or other person is authorized to transfer title to Silver Lining Foundation Inc. without the Foundation's prior written authorization and completion of its property acceptance process.

Donor Representations

Before acceptance, a donor may be required to disclose material information concerning the property, including known defects, environmental conditions, liens, ownership interests, pending litigation, governmental notices, leases, occupants, or other conditions that could affect ownership or use of the property.

The Foundation may require supporting documentation and professional verification before accepting a gift.

Donor Privacy

Information submitted in connection with a proposed property donation will be handled with appropriate care and used for evaluating, processing, documenting, and administering the proposed charitable gift, subject to applicable law and the Foundation's recordkeeping requirements.

Interested in Donating Property?

Property owners, families, estates, businesses, developers, and other prospective donors are welcome to contact Silver Lining Foundation Inc. regarding a potential property donation.

To begin the review process, please provide:

• Donor or property owner's name
• Contact information
• Property address or parcel number
• Type of property
• Current ownership information
• Whether a mortgage or lien exists
• Whether property taxes are current
• Whether the property is occupied or vacant
• General condition of the property
• Photographs, if available
• Any known code, title, environmental, or legal issues
• The donor's proposed timeline for the donation

Please do not execute or record a deed transferring property to Silver Lining Foundation Inc. until the Foundation has provided written approval to proceed.

Charitable Organization Notice

Silver Lining Foundation Inc. is organized and operated as a charitable nonprofit organization and has been recognized by the Internal Revenue Service as exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code.

Contributions are deductible for federal income tax purposes only to the extent permitted by applicable law and based upon the donor's individual circumstances.

Prospective donors should consult their own qualified legal and tax advisors regarding their proposed contribution.

Important Disclaimer

Information provided on this website is for general informational purposes and is not intended to constitute legal, tax, financial, appraisal, real-estate, or investment advice.

Submission of a property for consideration does not create an agreement, contract, agency relationship, obligation to accept the property, or transfer of ownership.

A donation is considered accepted only after completion of the Foundation's review process, all required approvals have been obtained, and appropriate transfer documents have been properly executed and delivered.

Silver Lining Foundation Inc.
Real Estate & Property Donation Program

Building paths to home and stronger communities.