Gifts of Real Estate
Donate a valuable asset in exchange for powerful tax benefits and possibly an income stream for you and/or your loved ones.
How It Works
- You deed your home, vacation home, undeveloped property, or commercial building to Newark Academy.
- Newark Academy may use the property or sell it and use the proceeds.
Benefits
- You receive an income tax deduction for the fair market value of the real estate.
- You pay no capital gains tax on the transfer.
- You can direct the proceeds from your gift to support the overall mission of Newark Academy.
Next
- More details about gifts of real estate.
- Frequently asked questions on gifts of real estate.
- Contact us so we can assist you through every step.
