Charity Turns Blighted Properties Into Opportunities While Offering Tax Benefits to Donors

Driving Successful Lives Inc. (DSL), a nonprofit dedicated to supporting individuals in need, recently received the donation of an abandoned truck terminal in Saginaw, Michigan. The industrial property, unused for over 30 years, had become a financial burden to its owner due to ongoing property taxes, maintenance costs, and insurance expenses.

For many business owners, holding onto depreciated commercial properties comes with significant financial drawbacks, especially when considering depreciation recapture. When selling a depreciated asset, the IRS requires business owners to pay ordinary income tax on the portion of the gain that represents prior depreciation deductions-often leading to a higher tax burden. As a result, many owners hesitate to sell, leaving properties vacant and deteriorating.

By donating the truck terminal to DSL, the company was able to:

• Avoid depreciation recapture taxes that would have been triggered by a sale.
• Receive a charitable tax deduction for the fair market value of the property.
• Eliminate ongoing costs of taxes, insurance, and maintenance.

Meanwhile, DSL transformed the donation into an opportunity for the community. By selling the property, the charity facilitated the revitalization of a blighted industrial site, ensuring it could be put to productive use once again. The proceeds from the sale directly support DSL's mission, funding programs that provide housing, transportation, education, and other essential resources to those in need.

Mark Maupin, Director of Driving Successful Lives, emphasized the win-win nature of the process:

"This donation not only relieved the company of a financial burden but also allowed us to make a real impact in the community. We hope other cities, community groups, and businesses facing similar challenges will consider this solution. The community wins, the company wins, and most importantly, people in need win."

Driving Successful Lives continues to seek partnerships with property owners burdened by underutilized commercial real estate. Through strategic donations, businesses can unlock tax advantages while contributing to a greater cause-helping individuals and families overcome homelessness, financial hardship, and other life challenges.
For more information on how to donate a property and support DSL's mission, visit www.drivingsuccessfullives.org.

Right Now Marketing Group, LLC
1655 Highland Park Dr
Highland Charter Twp, MI 48356
RM Maupin
(877) 721-1627

About Driving Successful Lives
Driving Successful Lives' mission is to help raise funds and improve the lives of veterans, homeless families, children, those with addictions while helping donors generate a tax deduction, often with property or vehicles they might no longer want.

Every time a person donates real estate or a car to the charity of their choice it may also create a tax benefit for them. Car donations, real estate donations or money donated to non-profit institutions throughout the tax year may be tax deductible which means that they could make a positive difference for people while reducing the amount of income taxes they pay. Contributing to charities can be a very convenient way to reduce taxes and help others.

This release was published on openPR.