The COVID-19 pandemic has arguably taken a devastating blow to the multifamily and residential housing market, with ripple effects felt from the top down. As the founders of the Resident Relief Foundation (RRF), a 501(c)(3) nonprofit, we have a heart and vision to help qualified residents facing eviction and worse, homelessness. Government funding and eviction moratoriums offer some relief, but they are not enough to support all impacted residents. This is where nonprofit organizations like RRF can help fill the gap where rental assistance is critically needed.
The multifamily industry has to band together now to prepare for whatever comes next. Please consider supporting the “Resident Relief Initiative,” a fundraising coalition of multifamily operators dedicated to raising urgently needed funds to help keep renters in their homes. To learn more and support our cause, please visit our website. We cover 100 percent of the costs so that every dollar donated goes directly to those in need.
Do you own Tesla or other stocks that have appreciated for more than a year?
You can actually donate stock that has appreciated for more than a year. In fact, you’re actually giving 20 percent more than if you sold the stock and then made a cash donation because you’ve avoided capital gains taxes of 20 percent. Plus, you are still eligible to deduct the full fair-market value of the stock you donated from your income taxes up to the overall amount allowed by the IRS.
Please email us to learn more about donating stock to our fundraising efforts.