Real estate held more than twelve months can be contributed to Saint Agnes School, entitling the donor to an income tax deduction based on the current, appraised value. In addition, the donor also avoids a potential capital gains tax on the property. All gifts of Real Property must be accompanied by (i) an independent qualified appraisal; (ii) evidence of marketable title; and (iii) a Phase I environmental assessment. It is advisable to consult with your attorney and accountants prior to making a gift of this type. Real estate can be deeded directly to Saint Agnes or designated as a bequest in a will or trust.
Contact us for more information:
651-925-8811 | Advancement@saintagnesschool.org