Gifts of Real Estate
How It Works
- You deed your home, vacation home, undeveloped property, or commercial building to Clara Maass Medical Center Foundation.
- Clara Maass Medical Center Foundation 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 a specific program at Clara Maass Medical Center Foundation.
Download a brochure on this topic:
Next
- You can donate your property yet continue to use it.
- 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.