Gifts of Real Estate


A gift of real estate to Mount Saint Joseph is a unique way to support the school while also achieving a possible avoidance of capital gains tax and receiving a charitable income tax deduction. Also, the value of the real estate is taken out of your taxable estate. Real estate can be given to the Mount through different means including bequeathing the property, giving the property outright, transferring the property into a charitable remainder trust, or establishing a retained life estate. A retained life estate is established when you give your residence or vacation property to Mount Saint Joseph but reserve the use of the property for your life and/or the life of another beneficiary.


Benefits to the donor:

  • donation will result in receiving a charitable income tax deduction

  • value of real estate taken out of taxable estate

  • many options in making a donation of real estate

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