Gifts of Real Estate

Gift of Real Estate Diagram

How It Works

  • You deed your mortgage-free home, vacation home, undeveloped property or a commercial building to the Taft School.
  • the Taft School may use the property for its own purposes or may sell it and
    use proceeds.


  • You receive an income tax deduction for the fair market value of the real estate at the time of the transfer.
  • You pay no capital gains tax on the transfer.
  • You can direct the proceeds from your gift to a specific program at the Taft School.