Real Estate—Outright Gift

Outright Gift of Real Estate Diagram

How It Works

  1. Transfer title of property to MKA
  2. Receive income-tax deduction for fair-market value of property
  3. MKA may use or sell the property

Benefits

  • Income-tax deduction for fair-market value of property based on qualified appraisal
  • Avoid capital-gain tax on appreciation in value of the real estate
  • Relieved of details of selling property
  • Significant gift to MKA

More Information

Contact Us

Chris Kenrick
Associate Director of Philanthropy
973-509-7933

 

Montclair Kimberley Academy
201 Valley Road
Montclair, NJ 07042

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