Gifts of Real Estate

Contributing real estate, which is reasonably expected to be easily sold, or an interest in such property to the Diocese, whether a personal residence, family farm, vacation home, condominium, cooperative apartment, business property or speculative acreage---can be highly advantageous to you. You will have a significant income tax charitable deduction, you may completely avoid capital gain tax on appreciated, long-term real estate (owned more than one year), and estate taxes for your family will be reduced. For example, you may donate your personal residence or farm and retain the right to use and enjoy it for life.

Your attorney or accountant can assist you in determining the tax aspects you should consider in making such a gift.

The Importance of Using Professional Counsel

We always encourage prospective donors to seek the advice of professional counsel concerning the best giving option for them. We would welcome the opportunity to provide you or your attorney with additional information on any of the methods of giving described here.