Real Estate—Outright Gift

Diagram Description

You receive a charitable income-tax deduction for the full fair-market value of the unencumbered real estate. You may apply the deduction up to 30% of your adjusted gross income—in the year of the gift—with the five-year carryover provision. You avoid capital-gain tax on the appreciation you have in the property, and there are no gift taxes. Because you have removed the property from your estate, you may also reduce your estate taxes.

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Kierran Broatch
Interim Vice President for Advancement
(203) 773-4476
kbroatch@albertus.edu
Federal Tax ID Number: 06-0646520

Albertus Magnus College
Attn: Kierran Broatch
Office of Advancement
700 Prospect Street
New Haven, CT 06511-1189

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