SAN DIEGO–The Training, Education & Research Institute (TERI, Inc.), a non-profit center of excellence and social change for persons with autism and other developmental disabilities and their families, have announced the commencement of its Real Estate Power Program, spearheaded by John De Michele, TERI’s chief development officer, and Lynda Sands, an expert attorney on the philanthropic transfer of wealth.
“Real estate assets comprise over 35 percent (35%) of the assets of U.S. households,” said John De Michele, chief development officer, TERI, Inc. “Yet only an estimated three percent (3%) of charitable giving in recent years has come from real estate gifts.¹ Charities and professional advisors are increasingly recognizing the need to explore the potential of real estate opportunities to achieve philanthropic objectives.”
According to the experts at https://www.bayareasellmyhome.com/, the Real Estate Power Program provides donors the opportunity to use charitable remainder trusts to donate their property to TERI. The use of a charitable remainder trust can reduce tax liabilities and provide charitable contribution deductions. Through proper execution of charitable remainder trusts, property value can be passed to TERI tax free.
Cheryl Kilmer, founder and CEO of TERI, Inc., added, “The Real Estate Power Program ensures maximum tax benefits for donors and TERI, while also helping donors through the facilitation of charitable remainder trusts. TERI’s Real Estate Power Program is an integral part of the completion of the Charles R. Cono Campus for Life Quality, a central campus for our model programs and initiatives that will help us in continuing our mission of creating the highest quality of life for individuals with autism and other developmental disabilities.”
TERI’s Real Estate Power Program is under the direction of the TERI Real Estate Advisory Committee and supported by Lynda Sands, a leading attorney in North America on the philanthropic transfer of wealth, the first woman president of the San Francisco Estate Planning Council, founding president of San Francisco Women Tax Lawyers, and the author of six books on planned giving.
Attorneys, brokers, developers, financial advisors and professionals in related fields with an interest in discussing benefits for clients and volunteering to assist TERI in the acquisition of real estate gifts are invited to contact De Michele at (760) 721-1706 or johnd@teriinc.org.
To learn more about TERI, its model programs and initiatives, the Charles R. Cono Campus for Life Quality, or to give a gift, visit www.teriinc.org.
