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Re: Give away timeshare to charity (by Lance C.):

I'm finding it hard to believe that this charity will just simply accept ownership. Most charities will charge thousands of dollars for that.

I'm not doubting that this charity is doing good, charitable works. I just find it strange that, if this charity is going to be fiscally responsible, that it will take over ownership of timeshares that have yearly increasing maintenance fees. Who pays these fees each year? What happens if a special assessment pops up?

And as for the part about receiving a tax write-off/deduction for the full market value, remember that the owner could not sell it and had to give it away. If he had to give it away, the fair market value is around zero and that's what the tax deduction will be.