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Another way is to transfer title to the charity, but then retain the right to live in the property.
The most straightforward method, he said, is to simply transfer title to the charitable organization and move out of the house.
Donors transfer title to a charity and take the full appraised value of the property as a tax deduction, eliminating brokerage fees and, of course, capital gains taxes.
An owner typically agrees to transfer title to the home in exchange for a note and a security interest in the property.
Yet another way to make a gift of property is to transfer title to the property to what is known as a charitable remainder trust, which then sells the property and provides the donors with a lifetime monthly payment.
The organization said it did not transfer title back to the original owners because they did not live up to their end of the deal by making regular rent payments or qualifying to assume the mortgage.
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The town has a "D.M.V. Select" office, which can provide license plates, transfer titles, and do everything else a full-fledged motor vehicle office can except issue drivers licenses.
Property records show that in May, Mr. Taylor transferred title of his house to the Paul Taylor Dance Company.
The sale was held in 1919, and the purchasers transferred title to the Town of Shelter Island.
In May 2001, the city transferred title to a nonprofit group authorized to rehabilitate buildings, the Neighborhood Restore Housing Development Fund Corporation.
He sold off homes and pocketed the money or, prosecutors say, transferred title to himself and brought in renters.
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