Historic Boutique Hotel , 225 rooms, selective deconstruction of front desk, restaurant, exercise room and FF&E
Donation Value of Materials
$1,020,000
Effective Tax rate
40%
Tax Savings ($1,020,000 x 40%)
$408,000
Cost of selective decon and cleanout fee
$87,250
Charitable donation package (appraisal, IRS Form 8283)
$25,000
Net profit to owner
$295,750
Bel Air, MD
Remodeled 101 room hotel after purchase, FF&E
Donation Value of Materials
$289,000
Effective Tax rate
40%
Tax Savings ($289,000 x 40%)
$115,600
Cost of cleanout
$27,650
Charitable donation package (appraisal, IRS Form 8283)
$9,995
Net profit to owner
$77,955
Fredericksburg, VA
Changed flag to Red Roof Inn, 80 rooms FF&E
Donation Value of Materials
$261,000
Effective Tax rate
40%
Tax Savings ($261,000 x 40%)
$104,400
Cost of cleanout
$19,000
Charitable donation package (appraisal, IRS Form 8283)
$9,995
Net profit to owner
$75,405
Chantilly, VA
3 buildings in an industrial complex, full deconstruction
Donation Value of Materials
$630,000
Effective Tax rate, (Federal and State tax rates added together)
40%
Tax Savings ($630,000 x 40%)
$402,377
Cost of deconstruction (builder completed)
$0.00
Charitable donation packet (appraisal, IRS Form 8283)
$14,995
Net Profit to owner
$387,382
Elmhurst, IL
7500 sq ft Church with Butler stone exterior, full deconstruction
Donation Value of Materials
$626,000
Effective Tax rate, (Federal and State tax rates added together)
40%
Tax Savings ($626,000 x 40%)
$250,400
Cost of deconstruction
$87,250
Charitable donation packet (appraisal, IRS Form 8283)
$14,995
Net Profit to owner
$148,155
Sister Bay, WI
Summer camp with 12 buildings and FF&E, full deconstruction
Donation Value of Building Materials
$2,223,000
Donation value of the FF&E
$225,000
Effective Tax rate, (Federal and State tax rates added together)
40%
ax Savings ($2,448,000 x 40%)
$979,200
Cost of deconstruction/FF&E transportation
$278,500
Charitable donation packet (appraisal, IRS Form 8283)
$60,000
Net Profit to owner
$640,700
Philadelphia, PA
Full interior gut to the walls on the west wing of the mall
Donation Value of Materials
$1,875,500
Effective Tax rate, (Federal and State tax rates added together)
40%
Tax Savings ($1,875,500 x 40%)
$750,200
Cost of deconstruction (builder completed)
$0.00
Charitable donation packet (appraisal, IRS Form 8283)
$39,995
Net Profit to owner
$710,205
Manteo, NC
25,000 sq ft, full deconstruction
Donation Value of Building Materials
$1,827,100
Effective Tax rate, (Federal and State tax rates added together)
40%
Tax Savings ($1,827,100 x 40%)
$730,840
Charitable donation packet (appraisal, IRS Form 8283)
$64,995
Net Profit to owner
$513,195
Alexandria, VA
9500 sq ft, full deconstruction and FF&E. Roof was partially collapsed
Donation Value of Building Materials
$433,500
Donation Value of the FF&E
$525,500
Effective Tax rate, (Federal and State tax rates added together)
40%
Tax Savings ($959,000 x 40%)
$383,600
Cost of deconstruction
$110,750
Charitable donation packet (appraisal, IRS Form 8283)
$24,995
Net Profit to owner
$247,855
Washington DC
Selective deconstruction and FF&E
Donation Value of Materials
$539,500
Effective Tax rate, (Federal and State tax rates added together)
40%
Tax Savings ($539,500 x 40%)
$215,800
Cost of deconstruction
$45,650
Charitable donation packet (appraisal, IRS Form 8283)
$17,995
Net Profit to owner
$152,15
These results are not uncommon. They are however heavily influenced by the Scope of Work as well as the condition, quality, and quantity of material available for donation.