I will provide each of them enough to buy a house or their own investment, but the rest will go to charity.

Partial Gift to Family or Charity: If estate or philanthropic planning is a goal, gifting a portion before the sale could reduce the taxable gain, though this must be carefully structured.In many cases, an installment sale is the simplest and most practical solution, especially if you’re open to structuring creative financing.

With minimal work, you can pay off the property and have a decent nest egg for retirement or your kids or a charity, etc.

We’re not running charities, so we need to keep raising the rent to cover our expenses.

But at the end of the day, we are not a charity...we are running a business. 

He wasn't running a charity. 

I’ve also had a college student that I’d asked to do some charity work as payment for my mentoring.

All else was charity until you get a title.

You’re running a business not a charity after all. 

When donated to a qualifying charity, you generally can deduct the full fair market value without having to pay capital gains taxes, which is a big benefit compared to selling it.Itemized Deductions: To claim the deduction, you must itemize your deductions on your tax return (rather than taking the standard deduction).