Gifts of Real Estate

A residence, a vacation home, acreage (even a farm) or an unimproved parcel of land may have appreciated so significantly in value that its sale by you would generate a substantial income tax burden. By making a gift of a full or partial interest in real estate to the Society, you will avoid tax on the long-term capital gain and generate an income tax charitable deduction for the full fair market value of the property. It is also possible to make a gift of your primary residence or second home while retaining an exclusive life estate so that you (and your spouse) can continue to use it for the rest of your lives while obtaining significant tax and estate planning benefits.