Support South Bay CLT’s efforts to combat community deterioration, land speculation, and displacement by expanding housing and economic development opportunities for low income and moderate income residents in Santa Clara County.
Donations
Consider making a monetary contribution to support our work today!
You are also welcome to send contributions via mail directly to:
South Bay Community Land Trust
P.O. Box 26622, San Jose, 95159
**See if your employer matches donations by finding us on Benevity.org
The South Bay Community Land Trust is a 501(c)(3) nonprofit organization (EIN: 85-0539855). Your generous contribution to South Bay CLT may be tax-deductible to the fullest extent allowed by the law. No goods or services will be provided in exchange for your donation.
Gifting real estate
We accept gifts of homes, land, or other property that we can permanently steward for community benefit. We also accept other gifts of real estate that—with the donor’s permission to sell—can support the strategic acquisition of other land and housing within Santa Clara County. See options below:
| 1. An outright gift of land or other real estate: Make a gift of real estate during your lifetime, or arrange for a bequest as a living legacy upon your death. |
| 2. Give your home, but continue to live in it: A charitable life estate agreement can provide you the best of both worlds: meet your goals for the charitable donation of your home to South Bay CLT AND retain the right to live in your home until you decide otherwise. This arrangement can provide you with an immediate income tax deduction. The IRS may grant this deduction even though you continue to enjoy full use of your home or land. The IRS expects the owner to retain full responsibility for the care and maintenance of the property. Your primary benefits are the continued use of your home or land, an immediate charitable income tax deduction, the avoidance of probate and estate tax on the property, and the satisfaction of making a considerable gift to the South Bay Community Land Trust during your lifetime. |
| 3. Charitable sale: Do you have a property that you would like to sell, but also want to explore how you might be able to help South Bay CLT? A bargain or charitable sale can still generate wealth and provide a tax benefit, while also providing real estate at a price the CLT can afford. The difference between a charitable or “bargain” sale price and the appraised market value should be a tax deductible donation. |
Leaving a legacy
Leaving a gift to South Bay CLT in your will or estate plan amplifies the impact you can have on protecting and sustaining the affordability and vitality of our region for future generations. See planned giving options below:
* Bequests: Bequests are easy to arrange and the bequest remains in your control. You can change your mind at any time and you can structure the bequest to leave a specific item, or amount or leave a percentage of your estate to the Oakland Community Land Trust. You are entitled to an estate tax charitable deduction for the gift’s full value. All that is needed is a few sentences in your will or trust. The 4 most common bequest options: a fixed amount of money or a designated property, percentage of the estate, a residual bequest, a double-purpose bequest.
* Retirement Assets: Naming South Bay CLT as a beneficiary of your qualified retirement plan or Individual Retirement Account allows you to direct assets tax-free (avoiding both income and estate taxes). To make an IRA charitable rollover gift or other gift of retirement assets, simply contact your plan administrator and request a direct distribution to South Bay Community Land Trust.
* Life Insurance: Life insurance designations are a simple and popular method of providing funds to beneficiaries upon your death. In your life insurance policy, you may designate beneficiaries to direct the distribution of proceeds; these proceeds are typically not transferred through your will. A nonprofit organization, such as South Bay CLT can be named the beneficiary of your life insurance policy.
DISCLAIMER: We suggest that you consult with an estate planning advisor regarding the legal and financial implications—as well as tax advantages—of any gift to make sure that it aligns with your wishes, needs, and estate planning goals.
Donate stock & securities
Donating stock or mutual fund shares is a powerful way to help the South Bay CLT fulfill our mission. Making a gift of securities is simple and offers a number of valuable financial benefits. You can donate appreciated stocks, bonds or mutual funds. Also, the total value of the stock upon transfer is tax-deductible and there is no obligation to pay any capital gains taxes on the appreciation.
If you have any questions, or would like additional information on any of the methods of support above, please contact us at info@southbayclt.org.
Volunteer
Want to get more involved? Come visit our events! Or please complete our member/volunteer intake form below to learn more about volunteer opportunities and working committees: