You can make a gift of marketable residential or commercial real estate to St. Anne’s-Belfield and receive substantial financial benefits. Such gifts are subject to the approval of the school’s Gift Acceptance Committee. If the School is unable to use donated property, it will be sold and the proceeds used as needed or as you specify.
If you make a gift of real property to the School, you will be credited with a contribution valued at the fair market value of the real estate, as determined by an independent, qualified appraiser. You pay no capital gains tax on the appreciation portion if the property has been held for more than one year.
If you do not wish to give an entire building or parcel of land, you may donate an undivided interest in the property.
If you are considering leaving your home to the School through your will, you may want to give it now but retain the right to live in it for your lifetime. While you will continue to pay taxes, insurance, and maintenance costs, you can receive a substantial charitable income tax deduction in the year you make the gift.
Any information concerning giving options or their tax benefits, on this website or otherwise, provided by St. Anne's-Belfield School is of a general educational nature only and does not constitute, or substitute for, legal advice. Please seek competent legal advice regarding how any gift to the School might affect your personal situation.