Gifts of Real Estate
Tax Savings that Transforms Lives
Gifts of real estate are a profound and meaningful way to support Catholic Charities Brooklyn and Queens and are not limited to personal residences. They include investment or commercial properties, agricultural properties, parcels of undeveloped land and more.
In most circumstances, your charitable contribution is based on the appraised value of the real estate at the time the gift is transferred to Catholic Charities Brooklyn and Queens. Your deduction can equal up to 30% of your adjusted gross income. On an appreciated property, you avoid capital gains tax by donating the real estate to Catholic Charities Brooklyn and Queens prior to its sale.
For those donors who purchased real estate several decades ago, this can be a tremendous tax savings for you and your family while providing vital resources to help transform the lives of our neediest neighbors.
If you are considering making a gift of real estate to Catholic Charities Brooklyn and Queens or you have questions, please contact Brian Gavin, Director of Development and Communications at:
Catholic Charities Brooklyn and Queens
191 Joralemon Street, 12 FL
Brooklyn, NY 11201